Penguin Solutions introduced its SMART Modular DDR5 MRDIMMs, operating at 12,800 MT/s, to increase memory bandwidth in AI data centers. Each module combines two physical ranks into a single logical rank, aiming to ease the memory constraints encountered during large language model inference. The launch follows the MemoryAI KV cache server, unveiled in March 2026, which combines the CXL interconnect standard with up to 11 TB of memory. AI-related activities now account for 78% of the company’s revenue, while the memory segment grew 158% year over year and fourth-quarter fiscal 2026 revenue reached a record $567 million. Penguin generated $1.73 billion in sales for full-year 2026, up 26%, while Bank of America initiated coverage with a Buy rating and a $100 price target.
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