Analysts Maintain Buy on Gorilla Technology Group Inc (GRRR) as Strategic Investment Boosts AI Infrastructure Growth

Gorilla Technology Group Inc. (NASDAQ:GRRR) is one of the best affordable AI stocks to buy now. On December 10, Northland Securities analyst Michael Latimore reaffirmed a Buy rating on Gorilla Technology Group Inc. (NASDAQ:GRRR), with a $35.00 price target.

On December 8, the company completed a strategic investment in infrastructure intelligence company Astrikos.ai. The investment will strengthen the company’s position in India’s AI-ready digital infrastructure market, poised to grow from $1.19 billion in 2025 to more than $3.10 billion in 2030. Astrikos.ai’s technology has already been used across multiple programs, including state-level smart city platforms and the New Indian Parliament complex.

The merger of the two companies’ technologies should lead to smarter, faster, and more resilient AI infrastructure. Astrikos.ai is to provide Gorilla Technology the firepower to push for opportunities in the United Arab Emirates, the USA, and India, leading technology markets.

The investment comes as Gorilla Technology seeks to enhance its video intelligence stack, smart city architecture, and GPU-as-a-Service data center model. Astrikos.ai has made a name for itself in the development of real-time monitoring, prediction, and optimization for critical national systems.

“By joining forces with Astrikos.ai, we combine their deep Indian presence and infrastructure intelligence engine with our proven delivery across the Middle East and Asia. We can deliver AI-ready national infrastructure at scale and move decisively into markets that are expanding at historic speed,” said Jay Chandan, Chairman and CEO of Gorilla.

Gorilla Technology Group Inc. (NASDAQ:GRRR) provides AI-powered solutions for Security Intelligence, Network Intelligence, Business Intelligence, and IoT, focusing on smart city infrastructure, government, manufacturing, and retail through video analytics.

While we acknowledge the potential of GRRR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.