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Rambus stock spikes on Micron plea reports

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Rambus stock spikes on Micron plea reports

Shares of memory maker Rambus continued to rise Wednesday as investors reacted to reports of a possible plea deal between rival Micron Technology and federal investigators. “Rambus shares rose $3.27, or more than 12 percent, to close at $29.77 Tuesday, following a Monday story by Bloomberg reporting that Micron might admit to price-fixing amid a broader grand jury probe.”

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