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Short Take: Rambus gets raised, stock jumps

Rambus stock closed up more than 11 percent after Morgan Stanley raised its rating on the company to "outperform" from "neutral." The stock ended the day at 43-3/4 after hitting 45-1/2 earlier. The maker of high-speed chip-to-chip interface technology said sales of integrated circuits using Rambus technology have exceeded $1 billion.

Rambus stock closed up more than 11 percent after Morgan Stanley raised its rating on the company to "outperform" from "neutral." The stock ended the day at 43-3/4 after hitting 45-1/2 earlier. The maker of high-speed chip-to-chip interface technology said sales of integrated circuits using Rambus technology have exceeded $1 billion.