Jim Cramer on GSI Technology: “That Thing is a Rocket Ship”

GSI Technology, Inc. (NASDAQ:GSIT) is one of the stocks that was recently put under the microscope by Jim Cramer. Answering a caller’s query about the stock during the lightning round, Cramer stated:

“Yeah, that thing is a rocket ship, man. I don’t know. I gotta find… What I’m going to have to do is I’m going to have to go, I may have to go right to Ben Stoto on this because they just did an equity offering, but it’s straight up, and I think Stoto is going to know the answer because that’s who Stoto is.”

A stock market data. Photo by Alesia Kozik on Pexels

GSI Technology, Inc. (NASDAQ:GSIT) develops semiconductor memory and processing solutions, including SRAM and associative processing units used in networking, defense, aerospace, medical, and industrial applications. On October 20, the company reported that Cornell University research confirmed its APU Compute-in-Memory architecture achieves GPU-level performance for large-scale AI workloads with significantly lower energy use. The Gemini-I APU matched NVIDIA’s A6000 GPU on retrieval-augmented generation tasks, consumed over 98% less energy, and completed retrieval operations up to 80% faster than standard CPUs.

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