Gorilla Technology Partners with Super Micro, Secures $107M for AI Expansion

Key Facts

1Gorilla Technology partnered with Super Micro Computer to expand AI infrastructure in India and Asia Pacific.

2The company announced a $107 million convertible bond offering to fund a $2 billion AI infrastructure project.

3Cantor Fitzgerald raised its price target for GRRR to $40 while maintaining an Overweight rating.

In a move reflecting the accelerating global race for AI infrastructure, Gorilla Technology has entered into a strategic partnership with Super Micro Computer to expand its footprint in India and Asia. According to reports, the company announced a $107 million convertible bond offering designed to fund an ambitious AI infrastructure project valued at approximately $2 billion. Alongside these developments, Cantor Fitzgerald raised its price target for GRRR shares to $40 while maintaining an Overweight rating.

This partnership comes as Super Micro Computer (SMCI) experiences record demand for AI servers, reporting revenues of $3.85 billion in its most recent fiscal quarter per official earnings data. Gorilla Technology aims to use this financing to address investor concerns regarding the execution of mega-deals, particularly after the stock faced selling pressure due to dilution fears. Market data shows that SMCI continues to trade at multiples reflecting high optimism for the advanced data center sector.

Traders should monitor liquidity levels following the convertible bond issuance, noting that SMCI closed at $771.10 (close June 4, 2026) prior to this news cycle. Looking at the economic calendar, the market awaits Fed Kashkari’s speech on May 29, 2026, which could impact tech sector sentiment and borrowing costs for growth-stage companies. Technical support levels for GRRR will be closely watched to see if the market aligns with the new $40 price target.