AI Stocks: There was a huge rise in stocks related to Artificial Intelligence (AI) on Wednesday 18 February. Shares of companies like Netweb Technologies, E2E Networks and Ananth Raj jumped between 8% and 20%. This surge came during the ongoing India AI Impact Summit in New Delhi, where many new deals and projects for AI and technological development were announced.
Netweb Technologies
NetWeb Technologies shares rose as much as 11% in trading today. The company has launched new AI supercomputing systems equipped with NVIDIA technology under ‘Make in India’, after which this rise in shares was seen.
In the information given to the stock market, the company said that NetWeb Technologies has taken a new step in the field of computing in India. The company has launched an AI supercomputer ‘Tyrone Cammero GB200 System’ under ‘Make in India’. The company says that it is one of the most powerful AI infrastructure solutions in the world.
Along with this, the company has also introduced a personal computer system named ‘Tyrone Cameraro Spark’. The company claims that it is one of the world’s smallest AI supercomputers, available in the size of a desktop. The system is based on NVIDIA’s AI technology and includes NVIDIA Blackwell GPU, NVIDIA Grace CPU, NVIDIA networking, CUDA-X library, and AI software stack.
According to the company, this new system will help meet the needs of millions of AI developers in India and accelerate the development of advanced AI technology.
2. E2E Networks
Shares of E2E Networks jumped as much as 20% in trading today. The surge came after the company revealed it was building Nvidia Blackwell GPU clusters on its TIR platform. Nvidia’s Jay Puri said E2E Networks is deploying Blackwell GPU clusters with NVIDIA HGX B200 systems and NVIDIA enterprise software on its TIR cloud platform at the L&T Vyoma data center in Chennai.
This platform will also include NVIDIA Nemotron open models. The company says that this will promote advanced AI development in India in areas like agentive AI, healthcare, finance, manufacturing and agriculture.
3. Aurionpro Solutions
OrionPro Solutions, a provider of end-to-end data center solutions, on February 18 announced it has received a “large order” from a leading global data center developer and operator. After this news, its shares saw a rise of more than 5%.
The company said in the information given to the stock market that it has got this strategic agreement from a big global client associated with it for a long time. The company said that this order proves the capability of its complete infrastructure services, which includes engineering, design, construction, commissioning and maintenance of the entire project (lifecycle support).
This huge order will be completed in the next three quarters. Under this, an existing (brownfield) data center facility in Mumbai will be designed and constructed. The project includes engineering and construction services as well as integrated testing and commissioning.
Other AI stocks also rose
Amidst the expectations regarding Artificial Intelligence (AI) and its various uses and announcement of many deals, other AI related stocks also saw a good rise today on February 18. Ananth Raj, Orient Technologies shares rose up to 8%. Shares of power companies providing electricity to data centers also increased. In this, shares of Cummins India and Hitachi Energy rose by 3.75% and 2% respectively.
This surge has come at a time when ‘India AI Impact Summit’ is going on at Bharat Mandapam in New Delhi. It is the first major AI conference held in the Global South. This conference will continue till Saturday. Prime Minister Narendra Modi, Google’s Sundar Pichai, OpenAI’s Sam Altman and Anthropic’s Dario Amodei will address the conference on Thursday.
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