GSI Technology Shares Pop 42% on New Server Products

Dow Jones04-03

By Ben Glickman

Shares of GSI Technology rose after the company announced the release of two new server products designed for artificial intelligence applications.

The stock was up 42% to $4.84 in Tuesday trading. Shares are up about 86% this year.

The Sunnyvale, Calif.-based semiconductor-products maker said that the new server products were high capacity and low power.

GSI said the new server systems were shipping from stock. The Leda-E and Leda-S boards both incorporate the company's Gemini-I associative processing unit, which is used in AI.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

April 02, 2024 15:09 ET (19:09 GMT)

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