Gorilla Tumbles 10% on Non-Binding Letter of Intent for First US Data Center; Palantir Inches Higher, BigBear.ai Unmoved

Gorilla Falls 4% on Non-Binding Letter of Intent for First US Data Center; Palantir Inches Higher, BigBear.ai Unmoved

Gorilla Technology just announced a letter of intent for its first U.S. data center, and the market's reaction tells a very different story than the company's bullish ambitions. Here is what the selloff reveals about the gap between intent and execution.

Gorilla Tumbles 10% on Non-Binding Letter of Intent for First US Data Center; Palantir Inches Higher, BigBear.ai Unmoved

The post Gorilla Tumbles 10% on Non-Binding Letter of Intent for First US Data Center; Palantir Inches Higher, BigBear.ai Unmoved appeared first on 24/7 Wall St.. Gorilla Technology Group (NASDAQ:GRRR) stock is diving 10% to $10.77 after the company announced a non-binding letter of intent to…

Gorilla Technology Group Inc signs US data centre LOI

Gorilla's Oct. 9 LOI covers a US data centre with about 6 MW now; utility support points to 36 MW, while its 100+ MW target needs more sites.

Gorilla Technology Signs LOI for First U.S. Data Center

The nonbinding agreement targets completion by the end of November as the company targets a 100 MW portfolio.