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Gorilla Technology Group Inc . GRRR shares are on the rise Monday after the company announced some strategic advancements in the AI infrastructure space. What To Know: Gorilla Technology has partnered with Edgecore Networks to launch self-branded AI GPUs, using Intel's Gaudi architecture and Edgecore's 800G Ethernet switches. “With the launch of our self-branded AI GPUs, Gorilla is not merely participating in the AI compute market; we believe we are redefining it by boldly addressing underserved regions and shaping the future of intelligent urban infrastructure,” said Jay Chandan , Chairman and CEO of Gorilla. Gorilla Technology stated its intention to target deployments of its AI GPUs across over 50 planned or proposed AI data centers by 2032, with further expansion anticipated in underserved markets by 2035. By offering integrated solutions under its own brand, Gorilla aims to simplify procurement and improve compatibility for city planners and officials. What Else: Northland Capital Markets maintained an Outperform rating on the stock and raised its price target from $9 to $13. GRRR Price Action: Gorilla Technology Group shares were up 18.9% at $7.82 at the time of writing, according to Benzinga Pro. Read Next: Six Flags-Cedar Fair Merger Unlocks $200 Million In Synergies, Analyst Sees Big Growth Potential © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.PM Images Introduction Investors who are looking for mutual fund vehicles to gain US large-cap exposure or US small-cap exposure, typically gravitate towards the Vanguard 500 Index Fund Admiral Shares ( MUTF: VFIAX ), or the Vanguard Russell 2000 Index Fund Institutional Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
