Penguin Solutions shares jump 13.5% on AI data center deal and doubled revenue growth forecast

Penguin Solutions' stock rose 13.47% after announcing a strategic partnership with AMD and Shell to optimize AI data centers. The company reported Q2 FY2026 revenues of $343 million, slightly beating estimates, and raised its fiscal 2026 revenue growth forecast from 6% to 12%, driven by strong performance in its memory segment. Technical indicators showed bullish momentum, and despite a recent insider stock sale under a preset plan, investor sentiment remains positive. Analysts have mixed views but generally see the company's focus on AI infrastructure as a growth driver.