E2E Networks shares surge 20% following Nvidia partnership for AI factories

E2E Networks saw its shares surge by 20%, on Wednesday, February 18, marking the first double-digit single-day gain and the biggest single-day gain in the company's history following Nvidia's announcement to collaborate with E2E Networks to deliver advanced AI factories. Despite this impressive increase, the stock remains below its 52-week high of ₹3894.7 apiece. 

Over the past 10 sessions, shares had declined in 5 instances. The volume traded so far in the session reached 0.90 million, significantly higher than the 20-day average volume of 68,000.

Shares of E2E Networks

, a leading Indian GPU cloud provider, jumped 15.62% on the day and were trading at ₹2,956.20 apiece at the NSE as of 10.54 am.

⁠E2E Networks is building an NVIDIA Blackwell GPU cluster on its TIR platform.

The day opened at ₹2,560 and jumped to a high of ₹2994.40

Nvidia is also partnering with prominent venture capital firms including Peak XV, Z47, Elevation Capital, Nexus Venture Partners and Accel India to identify and fund promising startups of all stages that are building AI solutions for India and international use.

More than 4,000 of India’s AI startups are already part of the NVIDIA Inception program.

The company is collaborating with the Anusandhan Research Foundation (ANRF), a statutory body under the Government of India, to spur even more cutting-edge AI research across the nation’s leading academic institutions.

The initiative will support ANRF’s AI for Science & Engineering program and future AI programs.