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GSI Technology posts 22% SRAM growth and wins US military drone defense grant

Market News
11 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

GSI Technology reported a 22% growth in its SRAM business for the fiscal year, supporting ongoing R&D for its Gemini-III platform. The company also secured a key Small Business Innovation Research (SBIR) grant to demonstrate its APU technology in drone defense applications with the US Department of Defense by June. While this grant validates GSIT's technology potential, concerns remain about the company's solo commercialization strategy and recent insider stock sales around $10, which raise questions about management confidence. A new APU generation is expected to be commercialized by 2027.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

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Ethereum breaks $1,900 resistance, fueled by strong buying and short liquidations

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Technical Signals
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Borralha Project drilling confirms high-grade tungsten zones, advancing development and exploration in Portugal.

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Allied Critical Metals announced positive assay results from its 2026 drilling campaign at the Santa Helena Breccia, part of the Borralha Tungsten Project in Portugal. The first drill hole confirmed broad zones of high-grade tungsten mineralization, ...

Market News
Bullish
4 hours ago
Ethereum surges 11% in a week, driven by strong ETF inflows and Robinhood Chain activity.

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Ethereum's price rose about 11% over the past week to around $1,920, outperforming major cryptocurrencies like Bitcoin and Solana. This rally is fueled by $96 million inflows into U.S. spot Ether ETFs early in the week, with BlackRock's ETHA product ...

Market News
Bullish
4 hours ago
XRP Ledger hits 8M activated accounts despite drop in daily active users

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The XRP Ledger has surpassed 8 million activated accounts, marking steady growth since March 2026. However, daily active addresses have declined to a 2026 low of 25,350, indicating less frequent user engagement despite overall adoption. XRP's price f...

Protocol Fundamentals
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