🔴 GSI Technology is trading 5.8% down today after second-quarter results and third-quarter outlook

GSI Technology is trading 5.8% down at $3.02 after its November 5 results and outlook added company-specific pressure.

• November 5 results: second-quarter revenue was $6.0 million and gross margin 48.5%; management forecast third-quarter revenue of $5.0–$6.0 million and gross margin about 38%–40%.
• Semiconductor shares faced broad pressure amid concerns tighter AI and data-center regulation could slow infrastructure investment; the semiconductor index fell sharply in Thursday’s selloff.
• The stock had already fallen 12.09% on November 5; no current volume data was provided.