GSI Technology (GSIT) Stock: Why Shares Jumped 26% Friday, Latest AI Chip News, and What to Watch When Markets Reopen
GSI Technology (GSIT) shares jumped 26.24% to $7.65 on Friday, closing on heavy volume of 19.35 million, while broader U.S. markets were nearly flat. The surge followed news highlighting GSIT’s AI chip performance, with Cornell research showing its Gemini-I APU matched NVIDIA’s A6000 GPU throughput and used over 98% less energy in certain tasks. After-hours trading showed GSIT at $7.57.