GSI Technology, Inc. (NASDAQ: GSIT)

GSI Technology, Inc. (NASDAQ: GSIT) is a provider of semiconductor memory solutions. The Company is focused on bringing new products to market that leverage existing core strengths, including radiation-hardened memory products for extreme environments and Gemini-I, the associative processing unit (APU) designed to deliver performance advantages for diverse artificial intelligence (AI) applications.  

According to our previous US Daily Report published on 'GSIT' on May 5, 2026, Kalkine recommended a 'Speculative Buy' stance on the stock at USD 7.78. This recommendation was based on technical analysis, and the stock has now surged by 52.31%, trading above the second resistance level.

Noted below are the details of technical summary provided in our previous report:

 GSIT’s Daily Chart

GSIT’s shares are hovering near a key resistance level, with the RSI in overbought territory, indicating a possible short-term pullback. Considering the current trading environment and associated risks, a ‘Sell’ rating is assigned to GSIT at the current market price of USD 11.85 as of May 11, 2026 (6:35 am PDT). 

Note: This report may be updated with details around fundamental and technical analysis, price chart in due course, as appropriate.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is May 11, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.