Penguin Solutions, Inc. (PENG) shares rose 6.18% to $18.20 in after-hours trading, following a close at $17.14 on November 14, 2024. The stock's upward movement is attributed to the company's announcement that it will present its end-to-end AI infrastructure solutions at the upcoming Supercomputing 24 (SC24) conference in Atlanta, scheduled for November 18-22. This event will showcase Penguin's innovations in high-performance computing and memory technologies, which are crucial for meeting the growing demands of AI applications. The anticipation surrounding Penguin's participation in this prominent international conference has likely fueled investor optimism, contributing to the stock's after-hours surge.