AI stock Nvidia crashed but Netweb Technologies shares jumped 8% today after falling 13% in 1 month? Reasons; target

Résumé détaillé

Netweb Technologies shares rose as much as 7.8% on Wednesday, supported by a broader IT-sector rebound and record Q2 FY27 revenue and profit. The company reported strong sequential growth and a ₹2,629 crore order book.

Netweb share price: While global AI heavyweight Nvidia came under pressure on Wall Street, Indian AI infrastructure company Netweb Technologies moved in the opposite direction, with its shares rallying nearly 8% in morning trade on Wednesday, November 11.

While Nvidia shares tumbled 5.5% in overnight trading on Wall Street amid an investigation into CEO Jensen Huang's relationship with a woman suspected of being a Chinese spy, Indian AI stock Netweb Technologies moved in the opposite direction, surging nearly 8% on Wednesday, November 11.

The contrast is notable given Netweb Technologies' 15-year partnership with Nvidia, one of the world's leading AI chipmakers. Huang has acknowledged the reported relationship and apologised, while US President Donald Trump said the FBI was investigating the matter. Nvidia's independent board members have also brought in law firm Wachtell, Lipton, Rosen & Katz to assist with the probe.

Despite the pressure on its global technology partner, Netweb Technologies shares attracted strong buying interest, supported by value buying following a recent correction and the company's record September-quarter earnings.

In today's deals, the stock advanced as much as 7.8% to an intra-day high of ₹4141.75 per share. However, it remains around 28% below its 52-week high of ₹5,810, recorded in August 2026. Its 52-week low stands at ₹2,942.45, touched in December last year.

The stock had declined 13% in one month and 15% over three months before Wednesday's rally. The company's strong Q2 FY27 performance, growing AI infrastructure business and sizeable order pipeline have provided fresh triggers for investor interest.

The rebound in Netweb Technologies shares was supported by improving sentiment across technology stocks. The Nifty IT index jumped around 4%, as heavyweight IT and technology companies witnessed strong buying interest.

Its September-quarter earnings provided a stronger fundamental trigger.

The company also maintained strong sequential momentum.

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