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. The company, in a filing to the NSE, said that E2E Networks have not entered into any new commercial agreements or negotiations with Nvidia and today’s announcement pertains to an existing agreement the company has with Nvidia.

It said that “the Company clarifies that it has an existing relationship with NVIDIA that underpins our cloud and AI infrastructure offerings.”
E2E Networks added that, “No new negotiations, binding agreements, partnerships, or arrangements with NVIDIA or any other party, beyond what was disclosed … have been entered into by the Company.”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.

Nvidia is also collaborating with the Anusandhan National 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.