Shares of Netweb Technologies India Ltd rallied 10% to touch a day’s high of Rs 1,474.65 on 19th February after the computing solutions provider launched ‘skylus.ai,’ a Make-in-India technology platform to optimise GPU (Graphics Processing Unit) resource management for Artificial Intelligence and Generative AI projects.

Skylus.ai enables flexible resource allocation to maximise GPU utilisation for AI workloads, supporting industries like pharma, finance, education, and automotive design.

The platform offers Research as a Service (ReaaS) and Innovation as a Service (IaaS), helping businesses leverage AI efficiently.

It provides a vendor-agnostic solution to optimise multi-vendor GPU and CPU resources, reducing costs, enhancing collaboration, and accelerating AI innovation.

GPUs process data at high speeds and are used in AI, scientific computing, gaming, and video editing. Skylus.ai optimises AI workloads and minimises GPU wastage.

Netweb Tech has an order book of Rs 360 crore and expects major orders from the Indian AI Mission later this year, with AI contributing 15% to its FY25 revenue.

The company’s shares are down nearly 50% this year due to an AI stock selloff after DeepSeek’s rise. It has an OEM (Original Equipment Manufacturer) partnership with NVIDIA for AI GPU systems.

At 1:37 PM, the shares of Netweb Tech hit the 10% upper circuit limit at Rs 1,474.65 on NSE.

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