Penguin Solutions (PENG) Stock Rockets 13% on AMD Partnership and Upgraded Revenue Forecast

Corning’s Nvidia Deal Just Got Bigger as Hidden AI Fiber Funding Emerges

Joseph Clark, Penguin Solutions’ SVP and president of Optimized LED, filed to sell 4,649 shares worth about $181,218, according to a May 8 SEC Form 144. Penguin shares closed Friday at $44.23, up 13.5% after hitting a 52-week high. FMR LLC reported a 10.6% stake in the company. Penguin’s Q2 net sales fell 6% to $343 million, but the company raised its fiscal 2026 revenue outlook. The post Corning’s Nvidia Deal Just Got Bigger as Hidden AI Fiber …

Penguin Solutions (PENG) Stock Rockets 13% on AMD Partnership and Upgraded Revenue Forecast

The post Penguin Solutions (PENG) Stock Rockets 13% on AMD Partnership and Upgraded Revenue Forecast appeared on BitcoinEthereumNews.com. Key Highlights Shares of Penguin Solutions (PENG) climbed approximately 13.47% following news of a strategic collaboration with AMD and Shell targeting AI data center optimization. Management doubled its fiscal year 2026 revenue growth projection from 6% to 12%, citing robust memory segment performance. Second…

Penguin Solutions (PENG) Stock Rockets 13% on AMD Deal and Upgraded Revenue Forecast

Key Highlights Penguin Solutions (PENG) experienced a ~13.47% spike following the unveiling of a collaborative venture with AMD and Shell targeting AI data center optimization. Management elevated fiscal 2026 revenue growth projections from 6% to 12%, propelled by robust memory division performance. Second quarter FY2026 revenues reached $343M, marginally exceeding analyst expectations of $340.2M. Technical indicators including a “golden cross”…