We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gorilla Technology Secures AI Partnership With $100B Global Edge Fund
Read MoreHide Full Article
Gorilla Technology Group Inc. (GRRR - Free Report) was recently named the exclusive AI and digital infrastructure partner for the $100 billion Global Edge Fund, marking a major milestone in its expansion. This deal will not only drive short-term financial gains for the company but also position Gorilla as a key player in the AI-powered digital revolution, reinforcing its long-term growth strategy. The company also raised its 2025 revenue guidance from the previous $90-$100 million to $100-$110 million.
The Global Edge Fund, led by Brazil Invest-Abu Dhabi Investment Fund, is a large-scale initiative focused on digital transformation, cybersecurity and AI-driven infrastructure. Of its total investments, $20 billion is earmarked for digital advancements in the United States, while $80 billion will support projects in South America, including Brazil.
As part of the partnership, Gorilla CEO Jay Chandan has been appointed to the Global Edge Fund’s board of directors, which is expected to enable close collaboration between technology development and investment execution. The fund designated $20 billion from its infrastructure investments to support digital transformation using Gorilla's solutions.
This could significantly boost GRRR’s revenue streams in the coming years. Investors may see this as a sign of long-term stability and expansion, supporting the company’s latest efforts to dispel ‘unnecessary confusion’ sparked by a recent report.
Beyond this deal, two additional investment funds are in the pipeline, a $20 billion EMEA-focused fund supporting digitization across Europe, the Middle East and Africa, and a Southeast Asia-focused fund ranging from $50 billion to $100 billion, with $20-$40 billion set aside for Thailand’s national infrastructure projects. This will likely open doors to new markets across these regions and bring more contracts for GRRR.
Gorilla’s role in these initiatives highlights the increasing demand for AI-powered solutions in smart cities, cybersecurity and critical infrastructure. As such, the company is positioned to play a leading role in the next phase of global digital transformation.
GRRR’s Price Performance
Shares of Gorilla Technology have gained 317.5% in the past year, outperforming the industry’s 43.2% increase.
The Zacks Consensus Estimate for Coinbase’s current-year earnings of $7.32 per share has witnessed six upward revisions in the past month against no movement in the opposite direction. COIN beat earnings estimates in three of the trailing four quarters and met once, with the average surprise being 46.2%. The consensus estimate for current-year revenues is pegged at $7.79 billion, implying 18.7% year-over-year growth.
The Zacks Consensus Estimate for Visa’s current-year earnings indicates 12.4% year-over-year growth. V beat earnings estimates in each of the trailing four quarters, with the average surprise being 3%. The consensus estimate for current-year revenues implies a 10.2% year-over-year increase.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Gorilla Technology Secures AI Partnership With $100B Global Edge Fund
Gorilla Technology Group Inc. (GRRR - Free Report) was recently named the exclusive AI and digital infrastructure partner for the $100 billion Global Edge Fund, marking a major milestone in its expansion. This deal will not only drive short-term financial gains for the company but also position Gorilla as a key player in the AI-powered digital revolution, reinforcing its long-term growth strategy. The company also raised its 2025 revenue guidance from the previous $90-$100 million to $100-$110 million.
The Global Edge Fund, led by Brazil Invest-Abu Dhabi Investment Fund, is a large-scale initiative focused on digital transformation, cybersecurity and AI-driven infrastructure. Of its total investments, $20 billion is earmarked for digital advancements in the United States, while $80 billion will support projects in South America, including Brazil.
As part of the partnership, Gorilla CEO Jay Chandan has been appointed to the Global Edge Fund’s board of directors, which is expected to enable close collaboration between technology development and investment execution. The fund designated $20 billion from its infrastructure investments to support digital transformation using Gorilla's solutions.
This could significantly boost GRRR’s revenue streams in the coming years. Investors may see this as a sign of long-term stability and expansion, supporting the company’s latest efforts to dispel ‘unnecessary confusion’ sparked by a recent report.
Beyond this deal, two additional investment funds are in the pipeline, a $20 billion EMEA-focused fund supporting digitization across Europe, the Middle East and Africa, and a Southeast Asia-focused fund ranging from $50 billion to $100 billion, with $20-$40 billion set aside for Thailand’s national infrastructure projects. This will likely open doors to new markets across these regions and bring more contracts for GRRR.
Gorilla’s role in these initiatives highlights the increasing demand for AI-powered solutions in smart cities, cybersecurity and critical infrastructure. As such, the company is positioned to play a leading role in the next phase of global digital transformation.
GRRR’s Price Performance
Shares of Gorilla Technology have gained 317.5% in the past year, outperforming the industry’s 43.2% increase.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
Gorilla Technology currently has a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader Business Services space are Coinbase Global, Inc. (COIN - Free Report) and Visa Inc. (V - Free Report) . While Coinbase sports a Zacks Rank #1 (Strong Buy) at present, Visa carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Coinbase’s current-year earnings of $7.32 per share has witnessed six upward revisions in the past month against no movement in the opposite direction. COIN beat earnings estimates in three of the trailing four quarters and met once, with the average surprise being 46.2%. The consensus estimate for current-year revenues is pegged at $7.79 billion, implying 18.7% year-over-year growth.
The Zacks Consensus Estimate for Visa’s current-year earnings indicates 12.4% year-over-year growth. V beat earnings estimates in each of the trailing four quarters, with the average surprise being 3%. The consensus estimate for current-year revenues implies a 10.2% year-over-year increase.