Netweb Technologies Shares Jump 8%: Why Is The Stock Rising Today Despite Nvidia Sell-Off? (AI-generated Image)
\n\nNetweb Technologies' shares rallied as much as 8 percent in early trade today. This rally comes in the midst of the Nvidia-led sell-off in global stocks, including AI-linked stocks in India.
\n\nThe gains come after Netweb's stock declined around 13 percent over the past one month. Netweb Technologies manufactures high-end computing solutions, AI infrastructure and data centre solutions. The firm's exposure to AI servers and high-performance computing has brought the stock in focus among investors tracking India's AI ecosystem's expansion plans.
\n\nThe recent weakness in global technology stocks, particularly Nvidia has heightened concerns around AI-sector valuations and just how sustainable the space is. Experts believe the company's strong quarterly results and growing demand for AI infrastructure are the key reasons for the gains in the stock. The company reported a 335.7 percent year-on-year rise in Q2 FY27 revenue to Rs 1,323.3 crore, while net profit jumped 334.8% to Rs 136.7 crore. Its order book stood at Rs 2,629 crore as of September 30, 2026, providing visibility into future business. Netweb is also benefiting from rising interest in AI servers, high-performance computing and data centre…
Original source: https://www.timesnownews.com/business-economy
