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Gorilla Technology stock drops 9% amid doubts over US data center deal funding

Market News
12 Oct 2026
24/7 Wall Street
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Bearish
Gorilla Technology stock drops 9% amid doubts over US data center deal funding

Gorilla Technology's stock fell 9%, extending a 29% decline over the past month, as investors question how the company will finance its planned acquisition of a US data center. The deal, currently under a non-binding letter of intent, aims to add about 6 MW of capacity with ambitions to expand beyond 100 MW. Unlike its AI infrastructure peers, Gorilla's stock is under pressure due to uncertainties about funding, potential debt, and dilution risks. The next key development is whether the letter of intent becomes a signed agreement and the financing details, which will influence the stock's volatility going forward.

Palantir Technologies Inc trades at USD 206.91 on Pluang, down 1.02% as of Oct 13, 2026 00:11 WIB. The stock's market cap stands at $502.36 billion, close to its 52-week high of $209.05. This contrasts with Gorilla Technology's sharp 9% drop amid its data center acquisition uncertainty.

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