GSI Technology’s stock slides 10%, on pace for largest decline in three weeks

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GSI Technology’s stock slides 10%, on pace for largest decline in three weeks
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GSI Technology reports fiscal second-quarter results after market close on Thursday

The stock is on pace for its largest daily percentage decline since Oct. 3, when it fell 14.5%.

Last week, GSI Technology announced design completion of its Gemini-II processor, which it is aiming at the artificial-intelligence market. The company is eyeing opportunities for the Gemini-II processor in AI applications and the aerospace market, touting the technology as a good fit for drones, satellites and aircraft.

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