# Axe Compute and Peguin Shares Fall as AI Partnership Is Announced

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/31885
Published: 2026-10-14T14:25:50.000Z
Updated: 2026-10-14T14:25:50.000Z
Section: Business

> Axe Compute was down about 7% to $8.99, while Peguin fell about 8% to $72.25 in Wednesday morning trading.

Axe Compute Inc. (AGPU) and Peguin (PENG) shares declined in Wednesday morning trading as the companies announced a multi-year partnership to support projects that speed the rollout of AI infrastructure.

Axe Compute shares were down about 7% at $8.99, while Peguin shares had fallen about 8% to $72.25 at 10:19 a.m. ET (14:19 UTC) on Oct. 14.

The partnership will support multiple AI infrastructure projects.