$PENG

Penguin Solutions (PENG), Kulicke and Soffa (KLIC), and Qorvo (QRVO) shares fell 7.2%, 6.3%, and 6.7% respectively after CEOs of Anthropic, OpenAI, and SpaceX called for a slower AI development pace. Citigroup shifted to neutral on broader equity risk, citing potential earnings growth pressure. PENG is up 135% YTD but 41.5% below its 52-week high.

Penguin Solutions (PENG) is addressing AI power challenges with distributed mini data centers. Lektra chose Penguin to deploy networked micro AI data centers. Penguin designs and manages data center infrastructure, while Lektra focuses on AI infrastructure.

Several semiconductor stocks rose after the August jobs report, which showed 162,000 nonfarm payroll jobs added, beating estimates. Despite initial expectations of a rate hike, traders rotated back into the chip sector. FormFactor (FORM) +5.3%, Entegris (ENTG) +5.6%, Penguin Solutions (PENG) +5.1%, Teradyne (TER) +4.8%, and Marvell Technology (MRVL) +6.2%. Marvell reported Q2 revenue of $2.74B, up 36.5% YoY, with strong Data Center demand. Management guided Q3 revenue at $3.15B, but revenue from

Shares of Entegris, Penguin Solutions, Teradyne, Applied Materials, and KLA Corporation fell 3-5% amid rising oil prices and Treasury yields, raising inflation and borrowing cost concerns. Teradyne's stock is down 30.5% from its 52-week high but up 62.1% year-to-date. The semiconductor sector faced selling pressure ahead of Nvidia's earnings report.

Penguin Solutions (PENG) expanded its partner network, joining NVIDIA's AI Factory Specialized Partner program and being named Dell's AI Partner of the Year. The company expects 22% Y/Y net sales growth in 2026, driven by strong AI demand. Competitors Super Micro Computer (SMCI) and Hewlett Packard Enterprise (HPE) are also expanding their ecosystems. PENG's stock has surged 222.5% YTD, with a forward P/E of 18.71, below industry average.

Shares of Entegris, Penguin Solutions, Seagate, Applied Materials, and KLA rose after upbeat earnings and higher AI-related forecasts, according to the article. Super Micro Computer reported EPS 84% above estimates and a revenue outlook above expectations, while CoreWeave’s sales forecast also beat. The piece cites a 155% YoY jump in South Korea semiconductor exports and notes gains in Nvidia, AMD, and Intel.

Bitget, according to an official announcement, listed USDT-settled perpetual futures for SHAZ (SharonAI), SOFI (SoFi Technologies), and PENG (Penguin Solutions). The contracts support up to 20x leverage and trade 24/7. Bitget says its stock perpetuals now cover 246 underlying assets.

Stocks were pressured as Middle East hostilities raised inflation risk. Bloomberg Intelligence expects Q2 earnings to rise about 23%, with AI spending driving much of S&P 500 EPS growth. Markets priced a 17% chance of a 25 bp FOMC hike on July 28-29. Rates rose after crude oil rallied; homebuilders fell, while chip and crypto-linked shares gained.

Markets were mixed overseas as investors priced a 14% chance of a 25 bp Fed hike at the July 28-29 meeting. US 10-year yields rose to 4.576% as chip and AI stocks gained, lifting SOXX over 1% and shares like SNDK, WDC, MRVL, INTC and AMD. Several single-stock moves followed upgrades, targets, and DPZ Q2 revenue of $1.19B.

Penguin Solutions (NASDAQ:PENG) shares fell after the company announced a $750 million convertible notes offering and related debt refinancing and exchange transactions. The notes mature Aug. 1, 2031, with a 0% coupon and 50% conversion premium. It also exchanged about $295.5 million of 2029/2030 notes for cash and stock, with proceeds funding capped calls and repayment. PENG was down 10.09% to $54.32.