Stock Track | Penguin Solutions Soars 15% on AI Data Center Collaboration with SK Telecom and SK hynix

Stock Track14:12

Penguin Solutions, Inc. (PENG) stock surged 15% in Friday's intraday trading session, following the announcement of a strategic collaboration agreement with SK Telecom and SK hynix to pursue the development and delivery of comprehensive AI data center solutions.

The collaboration aims to leverage the strengths of the three companies in areas such as AI infrastructure management software, semiconductor memory solutions, and accelerated computing technologies. By combining their expertise, the partners expect to enhance Penguin Solutions' ability to efficiently deliver cutting-edge AI infrastructure solutions and services to customers across expanded geographic regions.

Key aspects of the agreement include plans for SK Telecom's AI infrastructure management software to integrate with Penguin Solutions' OriginAI solution, based on its Scyld ClusterWare intelligent cluster management platform. Additionally, SK hynix and Penguin Solutions' SMART Modular Technologies plan to collaborate on innovative memory solutions tailored for accelerated compute environments.

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