Shares in GSI Technology, Inc. (Nasdaq: GSIT) are soaring for the second day in a row.

The company, which specializes in semiconductor memory solutions, saw its stock price skyrocket 155% yesterday. Today, GSIT shares are up another 39% in premarket trading as of the time of this writing.

But why? Here’s what you need to know.

What is GSI?

GSI Technology is a provider of semiconductor memory solutions. That means it specializes in developing memory chips and products that help process data.

Though the company isn’t as well-known as the bigger semiconductor memory solutions giants like Micron or Intel, it has been a staple of the semiconductor industry for three decades now.

GSI was founded in 1995 and is headquartered in Sunnyvale, California. According to the company’s website, it h

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