Complete List of All AI Companies Under $2 Billion Market Cap

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9. Penguin Solutions, Inc. (NASDAQ:PENG)

Market Capitalization: $1.07 Billion

Number of Hedge Fund Holders: N/A

Penguin Solutions, Inc. (NASDAQ:PENG) designs enterprise solutions globally with a focus on advanced computing, integrated memory, and optimized LED. It offers memory modules, storage solutions, and supply chain services for sectors like telecom, AI, and data analytics. The company also provides high-performance computing and AI solutions through Penguin Computing, and edge computing solutions through Penguin Edge.

Additionally, it offers fault-tolerant computing through Stratus and LED chips under the Cree LED brand. Penguin Solutions sells its products through direct sales, e-commerce, and several partners. Penguin Solutions brings over 25 years of AI infrastructure expertise to the partnership and supports AI deployments for major tech firms, enterprises, and academic institutions.

Penguin Solutions. (NASDAQ:PENG) recently announced a significant milestone as it reached a strategic partnership with SK Telecom and SK hynix to develop AI data center solutions. The collaboration, announced at CES 2025, follows SKT’s $200 million investment in Penguin Solutions. The partnership will add to the companies’ ability to deliver advanced AI infrastructure services across various markets. Combining Penguin Solutions’ Scyld ClusterWare software with SKT’s AI infrastructure management tools, the collaboration aims to improve AI cluster efficiency, memory solutions, and performance in high-performance computing environments.

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