$Penguin Solutions, Inc.(PENG)$ Last week at $73, now at $58. Why? On June 1, the company reaffirmed full-year guidance at the high end, citing booming AI demand. The stock jumped 20%... then faded with the broader market. Nothing's changed. Demand is still strong.
Looking under the hood: AI infrastructure for NASA, Air Force, Navy, Lockheed Martin, Boeing. Partnerships with $NVIDIA(NVDA)$ , $Advanced Micro Devices(AMD)$ , SK Hynix. Integrated Memory revenue was up 63% last quarter. The Marvell photonics deal still seems underappreciated by analysts.
Next catalyst: Q3 earnings on July 7 - tracking strong. You're effectively buying a $73 stock for $58. Mispricings like this don't tend to last.
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