GSIT - GSI Technology: Getting Ready To Test Gemini-II III Still Far Off

2024-03-07 15:10:40 ET

Summary

• GSI Technology, Inc. is one of our few tech picks in which we have a lot of belief, but is held speculatively and in small quantities.
• Its price has risen substantially of late, displaying meme-like qualities. Liquidity is beginning to creep up, but it's nothing like the last time it got hyped.
• There isn't any major news, and the story of GSI Technology is known. We would have expected it to already move correlated to the general enthusiasm around AI and computing.
• We suspect there will be another pop and then a fall, for it to settle down again later to levels where investors looking to see the outcome of the commercialization plan are holders.

GSI Technology, Inc. ( GSIT ) is a stock we continue to hold as part of our speculative, mad money- style exposures. The stock has started to express some meme qualities these last couple of weeks, and the price has risen very substantially from its level around $2 as of mid-February. We think the main reason is that markets are going a level deeper in their research for artificial intelligence ((AI)) plays, and have come across GSIT in the process, which is absolutely an AI play, albeit one that is far from being demonstrated commercially....

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