Multibagger Stock Netweb Jumps After Launching AI System Powered By Nvidia Gear

Shipping has already started and some of the units of this system are supplied to select AI user organisations in India, the company said.

Advertisement
Read Time: 2 mins
Quick Read
Summary is AI-generated, newsroom-reviewed
  • NetwebTechnologies launched the Tyrone Camarero Spark AI supercomputer in India
  • The system uses Nvidia Blackwell GPUs, Grace CPUs, and Nvidia AI software stack
  • It delivers 1 petaflop performance with 128GB memory in a compact desktop form factor
Did our AI summary help?
Let us know.

Netweb Technologies India Ltd. on Wednesday launched a made-in-India artificial intelligence supercomputer system using Nvidia Corp. hardware and software stack. The Tyrone Camarero Spark is one of the world's smallest AI supercomputers delivering Nvidia's AI stack in a compact desktop form factor, according to a statement. 

The system combines Nvidia Blackwell GPUs, Nvidia Grace CPUs, Nvidia Networking, Nvidia CUDA-X libraries and Nvidia AI software stack for AI developers in India to cater to increasing demand for generative AI and sovereign computing power.

Advertisement

"The system packs a petaflop of AI performance and 128GB of unified memory into a compact desktop form factor-based system, helping a huge customer base of AI developers in India to run inference on AI models with up to 200 billion parameters and locally fine-tune models of up to 70 billion parameters. It also allows developers to build AI agents and operate advanced software stacks entirely on-premises," Netweb said.

Tyrone Camarero Spark will provide AI developers an access to preinstalled Nvidia Nemotron open models, libraries, Nvidia NIM microservices with enabled workflows to help create vision search and summarization agents, refining image generation, building an AI chatbot and much more. Shipping has already started and some of the units of this system are supplied to select AI user organisations in India, the company said.

Netweb will display a complete range of Tyrone systems for AI edge to AI personal computing to the most advanced AI data centre computing workloads, in New Delhi between during the ongoing AI Summit.

Advertisement

Netweb Share Price 

Shares of Netweb Tech rose as much as 4.2% to Rs 3,233 on the NSE during early trade on Wednesday, compared to a 0.3% decline in the benchmark Nifty 50. The stock is up 123% in the last 12 months.

All four analysts tracking the stock have a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets is Rs 3,863, which implies a potential upside of 23%.

Advertisement

ALSO READ: Infosys - Anthropic AI Deal Signals Big Shift In Tech Jobs, Not Immediate Cuts

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Loading...