$PENG — PEOPLE ARE COMPLETELY MISSING HOW BULLISH THIS IS.
SK Telecom isn't dumping its Penguin Solutions stake.
It's transferring the ENTIRE position to SHIFTIX1 LLC — a wholly owned subsidiary of SK hynix.
The numbers:
🔥 SK Telecom originally invested $200M
🔥 SHIFTIX1 LLC (SK hynix) is paying approximately $380.3M
🔥 Position = roughly 6.1M $PENG shares on an as-converted basis
🔥 That's approximately 10.3% of PENG
🔥 SK hynix also inherits key investor rights tied to the stake
Now look at the ecosystem surrounding $PENG:
🟢 $NVDA — Penguin Solutions is an \\NVIDIA AI Factory Specialized Partner and has decades of experience deploying NVIDIA accelerated computing infrastructure.
🔵 $DELL — Penguin Solutions works with Dell infrastructure + NVIDIA accelerated computing to deploy enterprise AI solutions and AI factories.
🔥 $SKHY — one of the world's dominant HBM suppliers powering the AI accelerator boom — already has a strategic partnership with Penguin focused on \\AI data centers, accelerated computing and next-generation memory.
And now SK hynix's SHIFTIX1 LLC is acquiring a \~10.3% economic interest in PENG.
Connect the dots:
NVIDIA GPUs → SK hynix HBM → Dell infrastructure → Penguin Solutions AI factories
This isn't just another small AI company. $PENG sits directly at the intersection of some of the biggest companies building the AI infrastructure stack.
And here's what I think Wall Street may be overlooking:
SK Group is effectively moving its PENG investment from SK Telecom to the company with the strongest strategic reason to own it — SK hynix.
AI Factories + NVIDIA + HBM + Dell + next-gen memory + data centers.
SK hynix is paying approximately $380M for the position — nearly 2X SK Telecom's original $200M investment.
I'm buying $PENG. 🐧
Wouldn't surprise me if the SK hynix × Penguin Solutions relationship gets MUCH deeper from here. 👀
$PENG 🐧🚀