FREMONT, Calif.--(BUSINESS WIRE)--Sep 2, 2026--
Penguin Solutions, Inc. (Nasdaq: PENG ), the AI Factory Platform Company, today announced its participation at AI Infra Summit 2026, taking place September 15-17 at the Santa Clara Convention Center. Penguin will host product demonstrations at booth #520 and deliver a speaking session during the conference program.
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The AI Infra Summit brings together industry professionals who represent every layer of the AI infrastructure stack including compute, memory, interconnects, networking layers, and more working together to meet the growing demand of inference and agentic AI.
As enterprises shift from AI training to inference and agentic workloads, the speed and accuracy with which they can access data increasingly determines the cost of running those workloads. Penguin is addressing that constraint through its Full-Stack AI Factory Platform, including its MemoryAI KV Cache Server designed to improve performance for large language model inference and helps organizations achieve measurable ROI.
Event Information:
Speaking Session:
Technology Demonstrations:
Penguin will display several demonstrations at its booth #520 that will give participants a firsthand view of its innovative AI solutions.
MemoryAI is a registered trademark of Penguin Solutions, Inc. All other trademarks are the property of their respective owners.
About Penguin Solutions
Penguin Solutions is the AI Factory Platform Company. We design, build, and manage next-generation data centers for enterprises, sovereign AI initiatives, and neocloud providers.
With deep design expertise at the intersection of data center AI infrastructure and memory solutions, our Full-Stack AI Factory Platform combines differentiated infrastructure software, advanced memory, compute systems, end-to-end services, and industry-leading partner technologies to help customers accelerate deployment, optimize token economics, and maximize the return on their AI investments.
Learn more at PenguinSolutions.com.
Penguin Solutions MemoryAI KV cache server utilizes CXL memory technology to address the critical "memory wall" challenge in AI inferencing. The innovative solution delivers up to 11 TB of CXL-based memory engineered to optimize performance of enterprise scale inference, including agentic AI.
NEW YORK (AP) — Stocks rose on Wall Street Wednesday as steady oil prices and bond yields relieve some pressure.
The S&P 500 index rose 0.6%. The Dow Jones Industrial Average rose 421 points, or 0.8%, as of 10:52 a.m. Eastern time. The Nasdaq composite rose 0.3%.
The gains follow two weak days for the broader market as it came under pressure from rising oil prices and a bond-market sell-off.
Banks had some of the strongest gains. JPMorgan Chase rose 1.7% and Bank of America rose 2.4%.
Elsewhere, Dell Technologies rose 3.7% following an encouraging financial update.
Oil prices held relatively steady despite the intensification in the six-month long U.S. war with Iran. The U.S. attacked sites in Iran over the weekend, ending a lull in major hostilities and Iran has since retaliated against sites around the Gulf region.
Prices for Brent crude, the international standard, rose 0.2% to $94.83 a barrel. Energy stocks were mixed. Chevron edged 0.4% higher after confirming it will expand operations in Venezuela.
A surge in oil prices following the start of the U.S. war with Iran fueled a jump in gasoline prices and global shipping costs. The conflict shut down the Strait of Hormuz, through which 20% of the world’s oil is typically shipped.
Higher energy costs worsened inflation that was already stubbornly high amid a volatile U.S. tariff war with much of the world.
Inflation has been squeezing businesses and households at the same time that the mostly resilient jobs market shows signs of weakening. Payrolls processing firm ADP reported that private-sector employment slipped in August, according to its monthly survey. It is just a small snapshot, though, of the broader labor market and follows a government report on Tuesday that showed U.S. job openings rose in July.
The big focus this week will be the government’s broader employment report for August, which will be released Friday. The previous report for July showed that the jobs market stalled, with employers cutting positions.
Both inflation and the jobs market have been key focuses for Wall Street and the Federal Reserve.
The Fed is trying to balance its task of supporting employment and taming inflation. Wall Street expects the central bank to raise interest rates before the year ends in an effort to cool inflation, which remains well above 3%. The Fed has a stated goal of cooling inflation to a target of 2%.
The bond market has been selling off, which is a signal that it expects borrowing costs to rise.
The yield on the 10-year Treasury, which tends to impact mortgage rates, rose slightly to 4.80% from 4.79% late Tuesday. It has been rising steadily throughout the year and was as low as 4.20% at the beginning of 2026.
The yield on the 2-year Treasury, which closely tracks expectations for Federal Reserve moves on interest rates, held steady at 4.39% from late Tuesday. It is significantly higher for the year, though, and was as low as 3.50% at the beginning of 2026.
Investors are also betting on a 66% chance that the Fed will raise rates at its upcoming meeting in September.
The Fed’s position is growing more complicated. Raising the benchmark interest rate would help cool inflation by making borrowing costs higher and slowing the economy. Doing so, though, could also hurt the employment market at a time when it is seemingly already weakening.
Specialists Dilip Patel works on the floor of the New York Stock Exchange, Thursday, Aug. 27, 2026, in New York. (AP Photo/Yuki Iwamura)
Specialist Michael Pistillo works on the floor of the New York Stock Exchange, Thursday, Aug. 27, 2026, in New York. (AP Photo/Yuki Iwamura)
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Aug. 31, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Aug. 31, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Sept. 2, 2026. (AP Photo/Ahn Young-joon)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Sept. 2, 2026. (AP Photo/Ahn Young-joon)
Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Sept. 2, 2026. (AP Photo/Ahn Young-joon)
