GSI Technology shares continue to rally higher following Tuesday’s announcement of a new suite of AI-optimized processing units.
The Sunnyvale, California-based company, which specializes in developing and marketing high-performance memory solutions for the technology sector, announced the release in production of two high-capacity, low-power server products.
Incorporating GSI’s Associative Processing Unit (APU) tech, the Leda-E and Leda-S boards are tailored for demanding applications including large database searches, facial recognition, drug discovery, and object detection.
Shares are expected to jump another 4% when markets open on Thursday, bringing week-on-week performance to nearly 50% and 90% and a bumper 90% year to date.