🔴 Penguin Solutions is trading 4.8% down in pre-market amid AI selloff after hotter U.S. inflation

Penguin Solutions is trading 4.8% down at $64.32 in pre-market on October 15, in line with a broader technology and AI-infrastructure selloff following hotter-than-expected U.S. inflation and increased rate concerns.

• On October 14, shares fell 13.57% to $67.59.
• Reuters reported semiconductor stocks extended losses as higher-rate worries pressured AI-sensitive shares.
• No new company-specific catalyst clearly explains the pre-market move; the October 14 Axe Compute partnership announcement did not prevent the prior-session decline.