This tech stock surged 6% after NVIDIA's stellar Q3 results
What's the story
Shares of Netweb Technologies Ltd. surged by as much as 6% on Thursday, following strong third-quarter results from NVIDIA Corporation. The world's most valuable company reported revenue of $57 billion for the quarter, beating Wall Street's expectations of $54.92 billion. Its earnings per share also exceeded estimates at $1.30 against an expected $1.25.
Future outlook
NVIDIA's Q4 guidance surpasses analyst expectations
For the fourth quarter, NVIDIA expects sales of $65 billion, exceeding analysts' forecast of $61.66 billion. The company's topline grew by 62% year-on-year (YoY) in the third quarter. Jensen Huang, NVIDIA's founder and CEO, said sales for their current-generation GPU called Blackwell were "off the charts," indicating extreme or unexpected levels of demand.
Strategic alliance
Netweb Technologies's partnership with NVIDIA and market performance
Netweb Technologies, which has a partnership with NVIDIA to develop high-end computing solutions in India, saw its shares rise by up to 6% on Thursday. The company highlighted during its earnings call that it is the only Asian firm with such a partnership with NVIDIA. It also confirmed that they have enough allocations and priority from NVIDIA due to their strategic OEM partnership and heavy R&D investment.
Market activity
AI segment and trading volume
Netweb Technologies's AI segment witnessed a whopping 160% growth from last year during the September quarter. The trading volumes on Thursday have already surpassed those of Wednesday with over 20 lakh shares changing hands against a 20-day average of around nine lakh shares. Despite being down 13% in 2025 and about 23% from its recent peak, the stock is up nearly seven times from its IPO price of ₹500 per share.