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.