Penguin Solutions is trading 7.8% lower at $64.00 amid a technology and AI stock selloff after hotter-than-expected U.S. inflation revived rate-hike concerns.
- Shares fell 13.57% to $67.59 on October 14, extending pressure.
- Reuters reported higher borrowing costs pressured AI-sensitive stocks, with AI financing risks a key focus.
- No clear company-specific catalyst for the October 15 decline was identified.