Peng stock price at $28

At $28.78, "peng stock price" is trending above its 100-day moving average, often seen by traders as a bullish sign. Sector-wide forecasts predict 6% average gains in tech growth stocks this month. Artificial intelligence was the main force that drove the US stock market to record highs last year. While major indices have since pulled back, the big question is whether the AI trade is fully priced in. Nothing could be further from the truth, as we are still in the early stages of AI development and revolution. 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. On Wednesday, "peng stock price" touched $29.12 intraday before settling at $28.