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A rebound in Gorilla Technology Group (NASDAQ:GRRR) is stretching into another session, strengthening the case that the stock may have bottomed while artificial intelligence (AI) software peers slip. Gorilla stock is at $9.66 in afternoon trading, up 5%.
A planned first U.S. data center gives Gorilla Technology Group (NASDAQ:GRRR) a new argument that its artificial intelligence (AI) infrastructure expansion can grow beyond Egypt, Taiwan and Thailand. Gorilla stock is up 9% this session to $9.
Selling in Gorilla Technology Group (NASDAQ:GRRR) stock is compounding, leaving the small-cap AI infrastructure name as the weakest of its peer group. Gorilla shares recently traded at $10.18, down 9%, extending a 29% slide over the past month.
A rebound in tech is helping fuel an upbeat Friday session on Wall Street. Below, we'll take a closer look at three tech stocks bucking the positive trend today.
Gorilla Technology Group (NASDAQ:GRRR) stock is at $11.42. It is down 4% in morning trading after the company announced a non-binding letter of intent to acquire its first data center in the United States.
Proposed first US data-centre acquisition offers expansion potential to 36 MW of total site power capacity, marking Gorilla's planned entry into the US AI infrastructure market and establishing the foundation for a scalable domestic platform - Broader US expansion strategy targets more than 100 MW of capacity over the next 12-18 months, combining owned infrastructure, customer-led GPU deployments and dedicated project financing to accelerate Gorilla's next phase of growth - London, United Kingdom--(Newsfile Corp. - October 9, 2026) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres, today announced that it has entered into a non-binding letter of intent in connection with the proposed acquisition of its first data centre in the United States. The transaction represents a significant step in Gorilla's strategy to establish a substantial US AI infrastructure platform and the Company is targeting completion of the proposed acquisition by the end of November 2026.
A standing analyst Buy rating with a $40 price target has done nothing to stop Gorilla Technology shares from sliding for several sessions, and the reason traders keep selling may surprise investors watching Palantir and BigBear.ai hold up far better.
Northland Securities just reaffirmed a Buy rating and a price target that sits well above where Gorilla Technology trades today, yet the stock keeps falling. What the gap between analyst conviction and market behavior reveals about this small-cap AI name is worth a closer look.