GSI Technology (GSIT) Stock Explodes 200% on AI Chip Breakthrough – What’s Next for This Small-Cap?
GSI Technology shares jumped nearly 200% intraday on Oct 20 after Cornell researchers validated its Gemini-I AI chip, which matched NVIDIA GPU performance with far lower energy use. The stock later pulled back but stayed up 80% for the week. GSI raised $50 million in a direct offering, causing a brief drop. Analysts remain cautious, citing low revenue and high volatility.