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Gorilla Technology stock drops 10% after non-binding letter of intent for first US data center

Market News
09 Oct 2026
24/7 Wall Street
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Bearish
Gorilla Technology stock drops 10% after non-binding letter of intent for first US data center

Gorilla Technology's stock fell 10% following the announcement of a non-binding letter of intent to acquire its first U.S. data center, signaling a move into physical infrastructure. The deal, expected to complete by November, is still subject to due diligence and final agreements, with the facility already generating revenue through colocation. This shift contrasts with software peers like Palantir and BigBear.ai, whose stocks remained stable or rose slightly. Investors will watch for a signed agreement and financing plans for Gorilla's broader U.S. expansion next.

Palantir Technologies trades at USD 203.25 on Pluang, up 2.25% as of Oct 09, 2026 22:02 WIB. The stock's market cap stands at $477.68B with a typical hold time of 78 days. Despite Gorilla's 10% drop, Palantir shows steady gains and balanced order activity at 57% sell and 43% buy on Pluang.

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