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Gorilla Technology stock rises 9% on U.S. data center deal but still down 16% YTD amid growing losses.

Market News
27 Oct 2026, 21:38 WIB
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Gorilla Technology stock rises 9% on U.S. data center deal but still down 16% YTD amid growing losses.

Gorilla Technology's stock jumped 9% after signing a non-binding letter of intent to acquire its first U.S. data center, signaling expansion beyond its current markets. Despite this, the company remains down 16% year to date due to increasing operating losses and undisclosed deal terms. Gorilla's revenue nearly doubled in the first half of 2026, but heavy investments in hardware and a concentrated customer base pose risks. Investors are advised to remain cautious until contracts finalize and cash flow improves.

Gorilla Technology's recent stock developments provide context for technology sector activity on Pluang. For readers following technology stocks, here is Pluang's market snapshot as of Oct 28, 2026 01:21 WIB: out of 150 priced US technology stocks, 85 rose and 64 fell today. Notable movers include CIFR at USD 8.29 with a 1-day change of +7.59% and Pluang order activity of 10% Sell / 90% Buy with a typical hold time of 16 days; CDNS at USD 346.50 up +7.55% with 0% Sell / 100% Buy and a 76-day hold time; and DOCN at USD 107.03 up +7.54% with 1% Sell / 99% Buy and a 44-day hold time.

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