E2E Networks shares jump 20% intraday after NVIDIA collaboration announcement

Shares of E2E Networks witnessed a sharp rally on Wednesday, February 18, after NVIDIA announced a collaboration with the company to help deliver advanced AI factories. The stock surged as much as 20 per cent during the session, marking the biggest single-day gain in E2E Networks’ history and its first-ever double-digit rise in a single trading day.

The rally reflects heightened investor interest in the company’s role in building next-generation AI infrastructure in India.

Company clarifies no new commercial agreement

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Amid the strong market reaction, E2E Networks issued a clarification to the exchanges to address speculation around the announcement. In a regulatory filing, the company said it has not entered into any new commercial agreements or negotiations with NVIDIA.

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

Focus on AI infrastructure and GPU cloud

E2E Networks, a leading Indian GPU cloud provider, is currently building an NVIDIA Blackwell GPU cluster on its TIR platform. The initiative is aimed at strengthening the company’s artificial intelligence and high-performance computing capabilities as demand for AI-led solutions continues to rise across sectors.

Despite the sharp rally, the stock is still trading below its 52-week high of Rs 3,894.70 per share.

Volumes spike despite recent volatility

Trading volumes jumped significantly during the session, with about 0.90 million shares changing hands—well above the 20-day average volume of around 68,000 shares. The surge in volumes points to strong investor participation following the announcement.

The rally comes after a volatile spell for the stock. In the previous 10 trading sessions, E2E Networks’ shares had declined in five instances, reflecting cautious sentiment prior to Tuesday’s move.

NVIDIA’s broader India push

Separately, NVIDIA has announced partnerships with several venture capital firms, including Peak XV, Z47, Elevation Capital, Nexus Venture Partners and Accel India, to identify and fund AI startups catering to Indian and global markets.

More than 4,000 Indian AI startups are already part of NVIDIA’s Inception programme. The chipmaker is also collaborating with the Anusandhan National Research Foundation, a statutory body under the Government of India, to support advanced AI research across leading academic institutions through its AI for Science & Engineering initiative.

At the close of trade on Wednesday, shares of E2E Networks ended at Rs 2,878 on the National Stock Exchange of India, up Rs 321.10, or 12.56 per cent, for the day.