Netweb Technologies shares soar 7%, up 17% in three sessions. What’s behind the surge?

Shares of Netweb Technologies India experienced a significant surge, increasing by 7% and reaching an intraday high of Rs 3,605 on the Bombay Stock Exchange (BSE) on Thursday. This uptick marks a notable 17% rise over the past three trading sessions, driven primarily by the company's launch of advanced AI infrastructure products. Key among these is the 'Make in India' Tyrone Camarero GB200 AI Supercomputer, developed in collaboration with Nvidia. The GB200 is designed for high-performance computing and supports large-scale AI applications, while the compact Tyrone Camarero Spark supercomputer is touted as one of the world's smallest, making it accessible for developers working on AI applications. Both systems feature cutting-edge technology that enhances AI model training and inference capabilities, enabling developers to operate sophisticated AI solutions on-premises without reliance on cloud services. Netweb's recent innovations underscore its commitment to India-based manufacturing and position the company as a significant player in the AI sector, with shares having soared 142% over the past year. Analysts believe this momentum could continue as the demand for AI technologies grows in the region.