Can Penguin Solutions Be the Next 10X Stock?
Penguin Solutions (NASDAQ: PENG) is a relatively small AI stock that has almost quadrupled this year amid soaring revenue. The company has been a beneficiary of the rising demand for memory products, and should enjoy a multiyear tailwind that propels its gains even further.
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The best way to summarize Penguin Solutions is that it's an AI solutions and memory business, and that its memory segment has become a game-changer. Not long ago, it accounted for less than a third of total revenues. As that segment grew into a higher percentage of total revenue, bullish investors expected it to lift the entire business.
Source Fool.com
