

Penguin's faster growth, AI infrastructure momentum and steep valuation discount make it the stronger buy over Datadog.

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced it has closed its private offering of $750.0 million aggregate principal amount of 0.00% convertible senior notes due 2031.

MU, PENG and BE pair massive one-year gains with sharp weekly pullbacks, fitting a momentum anomaly screen.

Integrated memory products now make up more than half of Penguin Solutions' total revenue. The company's rising sales are fueled by significant multiyear trends such as agentic AI and the pivot toward inference accounting for a greater share of AI workloads.

Penguin Solutions, Inc., the AI Factory Platform Company (âPenguin,â âweâ or the âCompanyâ) (Nasdaq: PENG), today announced the pricing of $650.0 m

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced pricing of $650.0M in aggregate principal amount of convertible senior notes due 2031 to be offered to qualified buyers.

PENG raises its fiscal 2026 outlook as AI demand drives revenue growth, a rising backlog and stronger business visibility.

FREMONT, Calif.--(BUSINESS WIRE)---- $PENG #AI--Penguin Solutions announced it intends to offer $650.0 million in aggregate principal amount of convertible senior notes due 2031 to qualified buyers.
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