Nvidia's results sent shares of this Multi-bagger tech stock soaring on Dalal Street

Shares of Netweb Technologies Ltd. gained as much as 6% on Thursday, November 20, in response to strong results reported by the world's most valued company, Nvidia Corp.

Netweb Technologies has a partnership with NVIDIA to build high-end computing solutions in India, including a deal to produce Blackwell-powered AI servers.

Nvidia beat street expectations and its guidance for the fourth quarter was also ahead of what the analyst was expecting. The results took the stock higher by 5% in late hours trading on Wall Street.

Netweb Technologies in its earnings call highlighted that it is the only company in the entire Asia to share that kind of partnership with NVIDIA and that it is very well positioned to design and manufacture NVIDIA's products.

The management also confirmed that they have sufficient allocations and receive due priority from NVIDIA due to their strategic OEM partnership and heavy investment in R&D.

Netweb's AI segment grew by 160% from last year during the September quarter.

Today's trading volumes on Netweb Technologies have already crossed those of Wednesday with more than 20 lakh shares having changed hands compared to the 20-day average of around 9 lakh shares.

Shares of Netweb Technologies are currently trading 5% higher at ₹3,435. The stock is down 13% so far in 2025, down around 23% from the recent peak of ₹4,480, but is up nearly 7x from its IPO price of ₹500 per share.