Gorilla Rallies 5% as Rebound Extends and Bottom Case Builds; Palantir and BigBear.ai Slip

A rebound in Gorilla Technology Group (NASDAQ:GRRR) is stretching into another session, strengthening the case that the stock may have bottomed while artificial intelligence (AI) software peers slip. Gorilla stock is at $9.66 in afternoon trading, up 5%.

At the same time, Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) stock is at $194, down 2%. BigBear.ai Holdings (NYSE:BBAI) stock is at $2.30, down 2%.

Gorilla’s Rally Builds on the Bottoming Case

This advance extends the momentum behind a question 24/7 Wall St. raised on October 27: whether GRRR stock had found a bottom. Over the past week, Gorilla stock has risen 30%. The climb has trimmed Gorilla’s year-to-date decline to 12%.

Earlier in October, Gorilla signed a non-binding letter of intent to acquire its first U.S. data center. Terms weren’t disclosed, though management says the site’s power can be expanded well beyond current utility capacity. The company aims to complete the deal by the end of November, which would give Gorilla a U.S. footing to add to its operations in Egypt, Taiwan and Thailand.

Gorilla’s data center push is already changing its results. Gorilla Technology Group’s first-half 2026 revenue nearly doubled to $78.36 million from $39.33 million, and its second-quarter 2026 revenue rose 138% from a year earlier. CEO Jay Chandan asked investors to “judge us by the contracts we’ve signed, equipment we’ve delivered, revenue we’re recognizing and cash we’re collecting.”

The company raised its third-quarter 2026 revenue plan to $48 million to $50 million from $36 million to $40 million. Management is also targeting 2027 revenue of $450 million to $500 million. Large funds including Point72 Asset Management, Two Sigma Investments and Balyasny Asset Management disclosed new positions in Gorilla as of June 30.

Why Gorilla Trades Apart From Palantir and BigBear.ai

Unlike Palantir and BigBear.ai, which sell software to government and commercial customers, Gorilla builds physical data center capacity backed by $228 million in committed equipment purchases. That model ties results to hardware deliveries, power readiness and customer onboarding. Such dependence helps explain why Gorilla stock swings so hard, and even after the past week’s surge, it’s down 31% over the past month. Over the past year, Gorilla stock is down 43%, so moves of this size can reverse quickly.

Skeptics have a list of their own. The U.S. letter of intent is non-binding, and the deal hasn’t closed. Under International Financial Reporting Standards, Gorilla’s first-half operating loss grew to $47.18 million, including $25.43 million of stock-based compensation. Three customers each made up more than a tenth of first-half revenue.

Debt adds another layer: Gorilla issued an additional $125 million of convertible notes at 7.5% interest due 2031. Convertible notes can turn into shares, raising the prospect of dilution for shareholders. Swings in the Egyptian pound bring currency risk as well, because an Egypt government contract makes up a significant part of the company’s backlog.

Gorilla’s AI software peers are both falling even as it rises, though their longer paths differ sharply this year. Palantir stock is up 9% year to date. BigBear.ai stock, meanwhile, is down 57% over that period. Elsewhere, Evolv Technologies (NASDAQ:EVLV) stock is at $4.60, up 0.4%, which leaves the security screening company little changed.

What Could Confirm Gorilla’s Bottom

Gorilla’s next challenge is whether the U.S. data center deal closes on the company’s timetable, and on what terms. Third-quarter results come next, showing whether Gorilla’s revenue lands inside its raised plan. Yotta partnership progress matters too, as Gorilla has called it a potential base for more than $500 million of annualized revenue. On the outlook, Chandan has stated that “reaching the upper end requires additional execution, including further deliveries, customer and workload activation.”

Cash collections round out the list, since Chandan set them as a yardstick for judging Gorilla. For the bulls, growing revenue, new fund positions and a sharp rebound point toward a bottom in Gorilla stock. The bears counter that the deal is non-binding, debt is rising, losses remain heavy and the stock has reversed hard before. It could make sense to stay cautious until the U.S. data center deal resolves.

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