Netweb Technologies stock soars 10% on partnership with NVIDIA

livemint.com:

Netweb Technologies, one of the country's leading Indian OEMs in high-end computing, soared 10% to ₹892.40 apiece in early Tuesday's trade. This uptick in shares came after the company collaborated with NVIDIA to unlock the potential of AI and high-performance computing. In a regulatory filing today, the company announced that it is now a manufacturing partner for the NVIDIA Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs.

Netweb will build and produce more than 10 server variations under its Tyrone range of AI systems meant for a wide range of AI and high-performance computing and supercomputing applications. Also Read: Bharti Airtel, Bharat Forge, DMart among 12 stocks to buy this week With NVIDIA MGX, a modular reference design, the company said its AI systems will target complex workloads of HPC, data science, large language models, edge computing, enterprise AI, and design and simulation. The product range will also support handling a wide range of simultaneous workloads, such as AI training, inference, and 5G, on a single system.

At the same time, the designs ensure seamless upgrades for upcoming hardware generations, it added. Netweb’s AI systems with NVIDIA MGX will give a boost to the country’s 'Make in India' mission. At the same time, the local manufacturing of systems will build a local ecosystem to better address the demands around AI and accelerated computing applications from both government and private enterprises.