$PENG

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.

Barclays adjusted ratings on U.S. semiconductor stocks ahead of Q2 earnings. It upgraded Lumentum Holdings to Overweight from Equal Weight, citing improving AI networking demand confidence and stronger earnings potential. It downgraded Allegro MicroSystems to Equal Weight and Penguin Solutions to Underweight, citing valuation and weaker near-term fundamentals. Barclays kept Credo Technology Overweight and Astera Labs Equal Weight.

Penguin Solutions, Inc. (PENG) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-4.1 2 d103073dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 PENGUIN SOLUTIONS, INC. and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION as Trustee INDENTURE Dated as of July 17, 2026 0.00% Convertible Senior Notes due 2031 TABLE OF CONTENTS Page Article 1. Definitions; Rules of Constructio

The article links renewed US strikes on Iran and Iran energy export threats to higher oil and a broader risk-off move that hit semiconductor stocks. It cites AI model advances (Zhipu AI’s GLM-5.2) as reviving debate on AI hardware demand. It also references company updates including Micron (MU), ASML (ASML), TSM (TSM) and Eli Lilly’s $2.8B deal for AtaiBeckley.

The article argues AI infrastructure demand is still advancing, citing results and guidance from ASML, Aehr Test Systems, Micron, and TSMC. TSMC reported Q2 revenue of $40.2B (+36% YoY), net income up 77%, gross margin 67.7%, and guided Q3 revenue $44.6B-$45.8B. It also discusses potential Anthropic IPO and a reported Eli Lilly interest in AtaiBeckley.