Multibagger AI stock in focus after bagging Rs 1,000 crore term sheet to provide Nvidia Blackwell GPUs

Shares of cloud infrastructure company E2E Networks will be in focus on Tuesday after the company announced it signed a binding term sheet with a sovereign artificial intelligence (AI) company based in India to provide NVIDIA Blackwell cloud graphics processing units (GPUs) and allied services.

E2E Networks shares are up 200% since the beginning of the year.

The arrangement has an aggregate contract value of approximately Rs 1,000 crore, excluding applicable taxes, and will remain valid until June 2029. E2E Networks said the agreement marks a significant milestone in its strategy of adding customers through longer-term contracts.