The shares of leading Indian Graphics Processing Unit (GPU) cloud provider E2E Networks surged on Wednesday following an alliance announcement from American technology titan Nvidia.
Nvidia and E2E Networks Partnership
In a statement published on Tuesday, Nvidia said that it is teaming up with E2E Networks to deliver advanced AI factories, meet India’s rising need for AI compute as well as enable the nation to develop artificial intelligence models and services that drive innovation.
The company is also collaborating with next‑generation cloud providers Yotta Data Services and Larsen & Toubro (L&T).
“E2E Networks is building an NVIDIA Blackwell GPU cluster on its TIR platform, hosted at the L&T Vyoma Data Center in Chennai,” the US chipmaker said in a statement.
“The TIR cloud compute platform will feature NVIDIA HGX B200 systems and NVIDIA Enterprise software as well as Nvidia Nemotron open models to supercharge sovereign development across agentic AI, healthcare, finance, manufacturing and agriculture.”
Following the announcement, shares of E2E Networks hit a high of ₹3,068.20 from the previous close of ₹2,556.90. The stock is currently changing hands for ₹2,992.3, up by 17.03%.
India’s Initiatives to Bolster AI Systems
India is investing heavily in computing infrastructure. The South Asian country is building out its AI cloud offering with systems that include thousands of Nvidia GPUs under the IndiaAI Compute Pillar initiative.
“These initiatives support the IndiaAI Mission, a government effort that’s infusing India’s AI ecosystem with over $1 billion to bolster the nation’s compute capacity and foster the development of sovereign AI datasets, frontier models and applications,” Nvidia said.
According to industry watchers, the partnership positions E2E Networks to acquire a significant share of India’s growing AI market but the company’s future performance will depend on its capacity to secure major enterprise clients, manage high operational costs and demonstrate consistent and profitable revenue growth.
Source: https://coinpaper.com/14712/e2-e-share-price-up-by-over-17-following-nvidia-ai-partnership-deal
