Stock Price Prediction

GSIT stock shows potential bullish momentum with a Fibonacci resistance level at $4.44 and support at $2.80. Recent developments, including a 59% surge after securing a U.S. Army contract for AI edge computing, highlight optimism around its Gemini-II technology. However, RSI at 44.55 suggests neutral momentum, requiring further confirmation of upward trends.

GSIT stock closed at $2.80 on January 31, 2025, down 4.11% during regular trading. Bearish sentiment stems from concerns over execution risks and reliance on government contracts, despite recent revenue growth and improved margins. The stock faces resistance near $2.94, with limited upside unless funding for its AI chip development is secured.