Penguin Solutions, Inc. - Common Stock (PENG)

A number of stocks fell in the morning session after a cautious outlook from semiconductor equipment giant ASML sparked a broad sell-off across the sector, hitting chipmakers and equipment suppliers alike. 

Shares of semiconductor maker Penguin Solutions (NASDAQ:PENG) jumped 3.3% in the morning session after the company continued to benefit from positive sentiment following a strong earnings report and a price target increase from a Wall Street analyst. Loop Capital raised its price target on Penguin Solutions to $35 from $30 on Monday, maintaining a "Buy" rating. The firm cited the company's promising developments in the commercial Artificial Intelligence (AI) sector as a key driver. This follows the company's recent earnings report on July 8th, where it beat earnings per share (EPS) estimates.

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Shares of semiconductor maker Penguin Solutions (NASDAQ:PENG) jumped 8.2% in the afternoon session after several Wall Street analysts raised their price targets on the company's stock. The bullish sentiment from Wall Street follows the company's third-quarter earnings report released the previous day. While Penguin Solutions reported a 7.9% year-over-year increase in revenue to $324 million, it slightly missed consensus estimates. However, the company posted a strong beat on non-GAAP earnings per share, surpassing analyst expectations. Buoyed by the solid earnings performance, particularly driven by its AI-related strategy, Penguin Solutions raised its full-year fiscal 2025 non-GAAP EPS guidance. 

Penguin Solutions (PENG) stock surged after reporting strong Q3 results amidst exciting earnings season. Analysts raise price targets and outlook.

Shares of The AES Corporation (NYSE:AES) rose sharply in pre-market trading following reports the company has received takeover interest.

As the regular session of the US market on Tuesday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.

U.S. stock futures were fluctuating on Tuesday after trimming gains on Monday. Futures of major benchmark indices were trading mixed.

Penguin Solutions (PENG) will report its Q3 results on July 8. Analyst expects slight revenue decline but projects growth in Advanced Computing segment.

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at processors and graphics chips stocks, starting with Nvidia (NASDAQ:NVDA).

Semiconductor maker Penguin Solutions (NASDAQ:PENG) will be reporting earnings this Tuesday afternoon. Here’s what to look for.

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at processors and graphics chips stocks, starting with Lattice Semiconductor (NASDAQ:LSCC).