Gorilla Technology Shares Plunge After Nvidia-Fueled Rally Reverses
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Gorilla Technology Group Inc. shares fell 14.63% to $20.71 after a previous rally linked to its designation as an NVIDIA Solutions Partner. The partnership could enhance Gorilla's access to AI tools. The company also announced a $105 million direct offering and plans to acquire Thai tech firms CNS and CANS to expand its AI platform in Southeast Asia. Despite the recent decline, GRRR shares are up 16.4% year-to-date, though down 52% from their 52-week high of $44.15.
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