BUZZ-GSI Technology rises on potential US Army contract
ReutersJan 17, 2025 5:37 PM
Memory chip maker GSI Technology's GSIT.O shares rise ~48% to $3.94
GSIT says it has been selected for potential $250,000 contract from U.S. Army under DoD Small Business Innovation Research program
GSIT says contract, if awarded, would support development of Army-specific edge computing AI solutions using its Gemini-II technology
GSIT's Gemini-II technology processes data directly in on-chip storage, making it faster and more efficient
More than 68 mln shares traded, 368x times their 25-day moving avg.
GSIT gained ~14% in 2024
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))
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