Penguin Solutions, Inc. (PENG) Expands OriginAI® Infrastructure with Cutting-Edge NVIDIA, AMD, and Dell Technologies Hardware

Insider Monkey11-21

We recently compiled a list of the 15 AI News Shaping Wall Street Today. In this article, we are going to take a look at where Penguin Solutions, Inc. (NASDAQ:PENG) stands against the other AI stocks ...

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(NASDAQ:PENG) stands against the other AI stocks ...</p>\n\n<a href=\"https://finance.yahoo.com/news/penguin-solutions-inc-peng-expands-215434675.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0096364046.USD","symbol_name":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/penguin-solutions-inc-peng-expands-215434675.html","article_id":"2485171961","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/sRNe_C8FOBnqN5mWpJWMEg--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/84d712142ed691eb0c83d1b513cdfbcb"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485171961","pubTimestamp":1732139674,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 15 AI News Shaping Wall Street Today.In this article, we are going to take a look at where Penguin Solutions, Inc.  stands against the other AI stocks that are shaping Wall Street today.In recent news reported by Reuters, a U.S. congressional commission proposed a Manhattan Project-style initiative to fund the development of AI systems that will be as smart, or even smarter, than humans. 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(NASDAQ:PENG) stands against the other AI stocks that are shaping Wall Street today.\nIn recent news reported by Reuters, a U.S. congressional commission proposed a Manhattan Project-style initiative to fund the development of AI systems that will be as smart, or even smarter, than humans. The proposition is amid the intensifying competition from China over advanced technologies.\n\n\"We've seen throughout history that countries that are first to exploit periods of rapid technological change can often cause shifts in the global balance of power. China is racing towards AGI ... It's critical that we take them extremely seriously”\n- Jacob Helberg, a USCC commissioner told Reuters\n\nHelberg, while recognizing that energy infrastructure is a significant bottleneck for training large AI models, suggests that streamlining the permitting process for data centers is one way of enabling a public-private partnership that could accelerate AI development.\nREAD NEXT: 15 AI News Making Waves Right Now and 10 AI News Investors Can’t Afford to Miss\nThis news follows a rumor that artificial intelligence models are hitting a “wall”. Separate sources, including Reuters, The Information, and Bloomberg, have reported that companies such as OpenAI are failing in their next endeavors. Unnamed sources have claimed that OpenAI’s Orion is “so far not considered to be as big a step up from OpenAI’s existing models as GPT-4 was from GPT-3.5.”\nHowever, OpenAI is pushing back on these rumors, stating that there is “no wall”. Despite having not reached a wall, analysts do admit that it’s possible to have reached a turning point.\n\n“We haven’t seen a breakthrough model in a while. Part of it is that we’ve exhausted all the human data, and so just throwing more compute at the same data may not yield better results.”\n- Gil Luria, managing director at investment group D.A. Davidson\n\nGary Marcus, NYU professor emeritus and outspoken critic of AI hype, has this to say:\n\n“The economics are likely to be grim. LLMs will not disappear, even if improvements diminish, but the economics will likely never make sense…”\n\nFor this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A computer screen showcasing Artificial Intelligence and Machine Learning algorithms at work. \nPenguin Solutions, Inc. (NASDAQ:PENG)\nPenguin Solutions, Inc. (NASDAQ:PENG) is a leading AI infrastructure provider for organizations looking to build and operate state-of-the-art generative AI facilities.\nOn November 19, Penguin Solutions, Inc. (NASDAQ:PENG) announced the latest additions to its OriginAI® infrastructure solution, the company’s AI factory infrastructure offering. The additions include the latest NVIDIA and AMD GPUs, and Dell Technologies AI-optimized hardware, combining top-tier GPU servers, networking, and storage options with Penguin's easy-to-use cluster management software and services. Through the OriginAI solution, companies can scale their AI infrastructure deployments, achieve faster access to ROI, and reap the competitive benefits of AI technology.\n\n\"Our Penguin OriginAI solution has been established as the go-to answer for making AI both attainable and efficient. Adding the latest GPU technology from industry leaders AMD and NVIDIA, alongside an option for Dell servers, storage and networking, gives organizations the ability to tailor their AI infrastructure to specific workloads and business requirements and maximize their ROI”.\n- Pete Manca, president of Advanced Computing at Penguin Solutions.\n\nOverall PENG ranks 15th on our list of the AI stocks that are shaping Wall Street today. While we acknowledge the potential of PENG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than PENG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   Disclosure: None. This article is originally published at \nInsider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485171961"}