Nvidia's Midas touch has turned this Indian stock to gold

The jury is still out on whether artificial intelligence (AI) will achieve world domination. But what is as clear as day is its dominance in the stock market. The AI euphoria has investors giddy, fueling the rally in US tech benchmark Nasdaq. Sitting at the top of this run is Nvidia, which has soared nearly 200 per cent in the last year, adding $2 trillion to its market cap, and even dethroning Microsoft at one point to become the world's most valued company. An Indian company shares a somewhat similar fate. Netweb Technologies ' earnings and stock price have run up multifold recently, thanks to forging manufacturing partnerships with major chipset providers including Nvidia, Intel, and AMD. To understand how this growth came about, we need to first know the company's business and the industry's nature. Netweb's business Netweb Technologies is a fully-integrated product manufacturer for data centre computing solutions. It designs, manufactures, and provides software for high-performance computing hardware used in data centres. What are data centres? These are facilities that house large numbers of computer servers and related equipment like specialised chipsets for storing and processing huge volumes of data used in AI applications. The de