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Penguin Solutions in focus as BofA starts with Buy rating
Seeking Alpha ·
Seeking Alpha reports: Penguin Solutions was in focus on Friday as Bank of America started coverage on the semiconductor firm with a Buy rating and a $100 price target. Shares rose 3.8% in premarket trading. “Penguin sells memory and full-stack AI infrastructure to business, government and neocloud customers,” Bank of America analyst Wamsi Mohan wrote in a note to clients. “In the age of agentic AI, we see the company as a key beneficiary with the domain expertise of installing and managing…