Shay Boloor: PENG jumps over 24 percent after strong memory results propel guidance increase

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08.07.2026

Shay Boloor: PENG jumps over 24 percent after strong memory results propel guidance increase — PENG rises 24 percent on outlook boost

Shay Boloor reports that PENG shares rose more than 24 percent following strong memory results, which led the company to raise its full-year revenue guidance by nearly $100 million above estimates.

According to Boloor, management expects memory to remain a key driver for fiscal year 2027 as its AI factory platform connects memory and compute demand.

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Boloor previously identified SNDK as the top gainer among stocks in 2026, posting a 781 percent increase in his report on top performers. In a separate coverage, he reported that ONDS introduced six autonomous defense systems at Eurosatory 2026 in Paris highlighting recent product launches. The recent movement in PENG shares follows this series of reports on notable technology and defense sector developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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