Kerrisdale Capital Shorts Everspin After Memory-Chip Maker’s Stock Surges 300%
businessstocks 2 posts · 2 accounts
Kerrisdale Capital said it is short Everspin Technologies, a niche industrial memory chipmaker, after the stock surged more than 300%. The firm said the rally was driven by speculative buying in companies associated with memory and AI, and it published a report outlining its bearish view.
From the sources (2 posts)
@zephyr_z9RT @KerrisdaleCap: We are short $MRAM (Everspin Technologies), a niche industrial memory chipmaker whose stock has soared 300%+ as speculat…
@kerrisdalecapWe are short $MRAM (Everspin Technologies), a niche industrial memory chipmaker whose stock has soared 300%+ as speculative investors pile into anything remotely associated with “memory” and AI. Report at (1/8)