Jim Cramer on GSI Technology: “I Don’t Think It’s Worth Sticking Your Neck Out”

GSI Technology, Inc. (NASDAQ:GSIT) is one of the stocks Jim Cramer recently put under a microscope. Cramer was bearish on the company stock during the episode. He said:

“In the end, I simply can’t bring myself to endorse GSI Technology for you. As far as I can tell, the only truly positive news out of this company in the past couple of years has been this one random paper from Cornell testing a previous generation APU from GSI against several generations-old GPUs from NVIDIA…

If there was any serious breakthrough happening with GSI chips, these guys would have had a lot more to show for it… If we hear about any meaningful progress with customers at all, maybe we’ll run another segment on the company in the future, one that’s a little more positive. For now, though, the bottom line is I simply don’t see enough in this GSI Technology story to recommend you risking your money in what may be a truly highly speculative story. There’s a long list of AI-related chip companies that have real businesses and real revenue and real earnings, companies that are already benefiting from the rise of AI. There’s NVIDIA in GPUs, Arm in CPUs, Micron in memory. All these are safer bets than GSI Technology. And don’t forget, of course, AMD in GPUs and CPUs. If something changes here… I’ll let you know. But for now, I don’t think it’s worth sticking your neck out, at least not this time.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

GSI Technology, Inc. (NASDAQ:GSIT) makes memory chips and processing units used in networking, defense, aerospace, medical, and industrial devices.

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Disclosure: None. This article is originally published at Insider Monkey.