This Tech Stock Is a Blast From the Past -- and Just Hit All-Time Highs

• This institution was a deed during the 1990s tech roar but fell from grace successful the ensuing bust successful the aboriginal 2000s.

• Its exertion remained relevant, but the banal languished for decades.

• Now, it has soared backmost to all-time highs owed to rising request for information halfway applications.

• 10 stocks we similar amended than Rambus ›

For younger investors who've conscionable gotten started successful the past 20 years, it's hard to explicate precisely what it was similar to spell done the 1990s tech roar and the abrupt reversal successful tech stocks successful the aboriginal 2000s. The seemingly endless possibilities with internet-related efforts led to a immense magnitude of innovation, and investors were anxious to enactment successful the bully luck of the companies that turned their innovation into fast-growing businesses. Yet erstwhile the bottommost fell retired of the market, adjacent coagulated companies with bully semipermanent maturation prospects saw their shares plunge.

Many of those net favorites of the 1990s ne'er recovered. That makes the stocks that did bounce backmost that overmuch much interesting. In looking astatine prospective stocks for the Voyager Portfolio, I ran crossed a banal that was a favourite connected the Fool treatment boards during the tech boom. Rambus (NASDAQ: RMBS) took a agelong clip to instrumentality to its erstwhile glory, but the semiconductor exertion specializer has recovered caller beingness successful the AI boom.

Rambus initially specialized successful representation chips, which were important drivers of the PC gyration of the 1980s and 1990s. As microprocessors got faster, accessing representation became a bottleneck that constricted advances successful wide computing speed. With the instauration of Rambus dynamic random entree representation (RDRAM), Rambus mostly eliminated that bottleneck, arsenic its RDRAM exertion helped representation chips execute arsenic overmuch arsenic 10 times amended than the modular DRAM chips of the time.

Rambus got astir of its gross from licensing retired its intelligence spot to semiconductor manufacturers. When the tech roar ended, it enactment an extremity to the high-growth signifier of Rambus' business. The institution besides ended up suing a fig of manufacture leaders for alleged patent infringement, including Nvidia (NASDAQ: NVDA), Micron Technology (NASDAQ: MU), and Samsung, with mixed success.

As precocious arsenic 2020, Rambus shares traded beneath $10, down 90% of their highs successful 2000. Yet Rambus' leaders knew that the institution had potential, and they acceptable astir putting a caller strategical imaginativeness successful spot to instrumentality vantage of the champion semipermanent maturation prospects available.

The effect has been a multi-faceted concern that has been palmy successful galore ways. Rambus ' DDR5 dual in-line representation module (DIMM) meets the latest modular for representation chips, and it has played an progressively important relation successful information servers. In addition, Rambus' low-power compression attached representation modules (LPCAMM2) connection amended show for laptops and portable physics devices, wherever powerfulness conservation is much of a concern.