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Kerrisdale Capital released a new report on Tuesday, saying that it is short Everspin Technologies Inc. (NASDAQ:MRAM) because it believes the recent rally in MRAM shares is driven more by AI-related speculation than by any meaningful change in the company’s business.
- MRAM stock is down. See the chart and price action here.
Kerrisdale argued Everspin has been wrongly swept into the broader enthusiasm around memory stocks tied to AI infrastructure.
Benzinga reached out to Everspin Technologies for comment, but did not receive an immediate response.
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