Everspin Technologies, Inc.·Technology

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.

Everspin Technologies NASDAQ: MRAM could be the next big AI winner because AI is driving applications at the edge, and the edge is where Everspin Technologies is best-suited. In fact, its products are not just best-suited for the edge; they are the best in their class for edge applications, and demand is accelerating.

Everspin Technologies Inc (MRAM) has been in a sharp uptrend since late April, when it posted a massive Q1 earnings beat and announced a $40 million agreement with a US prime contractor. Yet, the company's share price ripped higher – as much as 50% – on Monday morning.

Everspin Technologies, Inc. (NASDAQ:MRAM) shares are trading higher Thursday after the company reported better-than-expected first-quarter financial results on Wednesday after the market closed.

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced an agreement with a U.S. prime contractor to provide state-of-the-art Toggle MRAM process technology capabilities and engineering services for United States Defense Industrial Base customers. “This work builds on Everspin's long history supporting U.S. DoW programs where performan.

Everspin Technologies, Inc. (MRAM) Q1 2026 Earnings Call Transcript
Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products in the United States, Hong Kong, Japan, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for embedded MRAM. The company provides its products for applications, including data center, industrial, medical, automotive/transportation, and aerospace markets. It serves original equipment manufacturers and original design manufacturers through a direct sales channel and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.