Rambus (RMBS) Shares Higher on Mixed Patent Ruling (NVDA)

Rambus Inc. (NASDAQ: RMBS) shares are moving higher today, as the company get mixed rulings on several patents in their case with nVidia (NASDAQ: NVDA). The stock is trading up 6.68% to $23.16. Volume is also decent, at about 7 million trade as of late afternoon. Rambus' three-month average is about the mid-three millions.

Data from Bloomberg today said Rambus received a mixed ruling regarding a re-review of patents that the U.S. Patent and Trademark Office had initially reviewed in January, and said that nVidia was in violation of infringement at the time.

nVidia shares are down only 1.02% as of last check.

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