Shares of Netweb Technologies opened 10% higher on 28 November after the company announced its collaboration with NVIDIA to unlock the potential of AI and High-Performance computing.

The company said it will act as a manufacturing partner for the American chip giant NVIDIA, developing its Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs.

Sanjay Lodha, Chairman and Managing Director of Netweb, said, “The initiative of Make-in-India by NVIDIA to support the PMO vision is a great beginning. It will bring locally manufactured cutting-edge technologies at par with global standards.”

Vishal Dhupar, Managing Director for South Asia at NVIDIA, said, “NETWEB’s Tyrone AI systems based on NVIDIA MGX will help tackle these challenges and give flexibility to enterprises for a variety of applications, including generative AI, speech analytics, text analytics, automation and more.”

The company’s collaboration with NVIDIA MGX will boost India’s ‘Make in India’ mission. At the same time, the local manufacturing of systems will build a local ecosystem to better address AI demands and accelerate computing applications of both government and private enterprises.

At 10:22 am, the shares of Netweb Technologies were trading 8.20% higher at Rs 877.80 on NSE.