Baird said semiconductor company Rambus will face the main driver of the chip industry in 2025. Analyst Tristan Gerra initiated an outperform rating and a price target of $90, which is 58.3% higher than Monday’s closing price. The company produces DDR memory interface chips and creates silicon IP solutions for data centers, automotive and government functions. Gerra wrote in a report: “Rambus’ technology and IP are at the core of artificial intelligence-driven data center performance improvements, with first-to-market solutions that solve the performance bottleneck between processors and memory.” The analyst added “Rambus should become a core asset in the investment theme of artificial intelligence storage technology.” Gerra predicted that as the demand for chip bandwidth continues to grow, Rambus’s long-term revenue will grow strongly. According to Baird’s forecast, the company has a $1.35 billion data center chipset opportunity. Although the stock has soared nearly 35% so far this quarter, the stock is set to lose 16.7% in 2024.
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