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

by FeeOnlyNews.com
6 months ago
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Netweb Technologies share price soar 7%, up 17% in three sessions. What’s behind the surge?
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Shares of Netweb Technologies India surged as much as 7% to hit an intraday high of Rs 3,605 on the BSE on Thursday, extending gains for a third straight session. The stock has climbed more than 17% over the past three trading days.

The gains come after the company unveiled what it calls one of its most advanced AI infrastructure offerings — the ‘Make in India’ Tyrone Camarero GB200 AI Supercomputer — along with a petascale personal AI system, the Tyrone Camarero Spark, in collaboration with Nvidia.

The Spark is being positioned as one of the world’s smallest AI supercomputers, bringing Nvidia’s full AI stack into a compact desktop-sized system. It combines Nvidia’s Blackwell GPUs, Grace CPUs, networking, CUDA-X libraries and the broader AI software stack, and is aimed at developers working on agentic and physical AI applications.

The system delivers 1 petaflop of AI performance with 128GB of unified memory in a small form factor. It is designed to help developers in India run inference on AI models with up to 200 billion parameters and fine-tune models of up to 70 billion parameters locally. It also allows users to build AI agents and operate advanced AI software entirely on-premises, without relying on external cloud infrastructure.

In addition to the Spark, Netweb has launched Tyrone AI supercomputing systems, built on Grace Blackwell platforms and manufactured in India. These systems leverage the NVIDIA GB200 NVL4 architecture, featuring four Blackwell GPUs interconnected via NVLink and two NVIDIA Grace CPUs linked through NVLink-C2C.

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Also read: Steel IPO wave: 10 firms eye Rs 7,000 crore fundraise over next 10 monthsThe new systems are compatible with liquid-cooled Nvidia MGX modular servers and are designed for high-performance workloads, including scientific computing, AI model training and inference. According to the company, they can deliver up to twice the performance of the previous generation in certain workloads.The Tyrone Camarero GB200 AI system also incorporates technologies intended to support large-scale AI training and real-time inference for large language models of up to 10 trillion parameters. These include the Nvidia GB200 NVL4 chip, a second-generation Transformer Engine, fifth-generation NVLink, a RAS Engine, confidential computing features for secure AI processing and a Decompression Engine.

Also read:Fear of the unknown: Is India’s $250 billion IT industry facing its Kodak moment?

Netweb showcased the Tyrone AI product range in New Delhi. The lineup features the MGX-based GB200 liquid-cooled system and the Tyrone Camarero Spark, covering applications from edge and personal AI computing to advanced data centre workloads, underscoring its India-based manufacturing push.

Netweb Technology shares price have risen 142% in the last 1 year.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)



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