8 Unstoppable Artificial Intelligence (AI) Stocks to Invest In

3) Gorilla Technology Group Inc. (NASDAQ:GRRR)

Percentage Return Over 6 Months: ~453.2%

Average Upside Potential: ~45.3%

Number of Hedge Fund Holders: 3

Gorilla Technology Group Inc. (NASDAQ:GRRR) is an AI-driven company, specializing in offering advanced video analytics and edge AI solutions. The company’s stock has seen a run-up of over ~450% in just 6 months. What’s driving the stock? The company has announced significant strategic advancements in the AI infrastructure space. It has entered into a partnership with Edgecore Networks, which is a leader in open networking and AI infrastructure solutions. The collaboration propels Gorilla Technology Group Inc. (NASDAQ:GRRR) into a new frontier with the introduction of its Self-Branded Exclusive AI GPUs, powered by Intel’s Gaudi architecture through Edgecore’s advanced hardware platforms.

Gorilla Technology Group Inc. (NASDAQ:GRRR)’s AI solutions, powered by advanced GPU technology, can meet the escalating compute demands of cities undergoing rapid digital transformation. The company, while quoting several third-party market reports, highlighted that the smart cities global market is anticipated to increase from US$1.36 trillion in 2024 to US$3.84 trillion by 2029, demonstrating a CAGR of ~23.21%. Notably, the partnership with Edgecore targets key regions where smart city initiatives continue to fuel the need for scalable and affordable AI infrastructure, such as Asia-Pacific, Middle East and North Africa (MENA), Latin America, and the US markets.

Therefore, the company is well-placed to benefit from the significant opportunities for its AI GPUs to empower smart city growth throughout these dynamic regions. Elsewhere, Alliance Global Partners upped the target price of Gorilla Technology Group Inc. (NASDAQ:GRRR)’s stock to $27 from $16, giving a “Buy” rating. According to Alliance Global Partner, the partnership with BroadSat places the company well to capitalize on its smart city, AI cybersecurity, and connectivity pipeline.