12 Cheap AI Stocks to Buy Right Now

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

Price to Earnings Ratio: 10.87

Stock Upside Potential: 57.44%

Number of Hedge Fund Holders: 9

Gorilla Technology Group Inc. (NASDAQ:GRRR) is one of the cheap AI stocks to buy right now. On September 17, the company signed a $1.4 billion Contract with Freyr Singapore. The three-year contract is for the construction of a network of AI-powered data centers across Southeast Asia.

Construction is set to begin with an initial $300 million phase, which is scheduled to launch in the fourth quarter. The construction will position Gorilla as a leading provider of AI infrastructure, service-level operations, and data center intelligence across key regional markets.

Gorilla will utilize local co-location facilities to deploy its proprietary AI stack, including GPU-as-a-Service infrastructure. The two companies aim to target new data center opportunities, as the Southeast Asian data center market is projected to exceed $12 billion to $15 billion.

“We have been building in AI for more than 17 years, and we understand this region better than most. To have secured a customer of this calibre, a multi-billion-dollar telco with unmatched scale and reputation, is a powerful validation of Gorilla’s capability. Being trusted by such an institution from the outset speaks volumes about the strength of our platform and execution model,” said Jay Chandan, Chairman & CEO, Gorilla Technology Group.

Gorilla Technology Group Inc. (NASDAQ:GRRR) provides AI-powered technology and solutions for security intelligence, network intelligence, and IoT (Internet of Things) applications, with a focus on big data and cybersecurity. Its products and services are used in smart cities, government, and various industries, including manufacturing, transportation, and healthcare, to enhance safety and efficiency.

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