Nasdaq Falls Over 100 Points; US Crude Inventories Decline
U.S. stocks fell Wednesday, led by industrials. Crude inventories dropped unexpectedly, while Penguin Solutions and Lipocine surged; Caribou Biosciences
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Barclays analyst Tom O'Malley maintains Penguin Solutions (NASDAQ:PENG) with a Underweight and raises the price target from $40 to $60.
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U.S. stocks fell Wednesday, led by industrials. Crude inventories dropped unexpectedly, while Penguin Solutions and Lipocine surged; Caribou Biosciences
Penguin Solutions (PENG) stock jumped over 17% after Q4 earnings and revenue beat estimates on strong AI demand.
Penguin’s mystery 36,000-GPU Norway project closely matches Volta’s $10 billion Anthropic AI buildout.