Shares of Netweb Technologies soared 10 percent in the early trade on November 28 after the company announced a collaboration with American chip giant NVIDIA.
The company will act as a manufacturing partner for NVIDIA's Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs.
At 9.36 am, Netweb Technologies was trading at Rs 873 on the NSE, up 7.6 percent from the previous close.
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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," Netweb's CMD Sanjay Lodha was quoted as saying. Netweb also stated that the company's collaboration with NVIDIA will also give a boost to the government's "Make in India" mission.
Apart from Netweb Technologies, NVIDIA has recently announced partnerships with L&T Technology Services, Reliance Industries and Infosys in the space of Aritificial Intelligence.
The partnership with L&T Technology Services is to boost medical imaging via AI while that with Infosys is for generative AI solutions to fuel productivity.
NVIDIA had also partnered with Reliance Industries to develop India's own AI infrastructure and language model.
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