E2E Networks Lands Rs.1,000 Crore NVIDIA Blackwell Cloud GPU Deal
NVDA sits 35% above its 52-week low of $164.07.
Summary
E2E Networks, an NSE-listed AI cloud provider, has signed a binding term sheet with an Indian sovereign AI company for long-term AI infrastructure including NVIDIA Blackwell cloud GPUs. The contract is valued at approximately Rs.1,000 crore (about $120 million) and runs until June 2029. This is a significant order for E2E, whose Q1 FY27 revenue was Rs.156.8 crore, implying the deal is roughly 6.4x quarterly revenue. The company's recent financials show explosive growth: revenue up 334% YoY, EBITDA margin at 75.2%, and net profit margin at 28%. The stock has risen 173% over the past year and will be added to the MSCI Global Small Cap Index. For NVIDIA, this is another Blackwell GPU supply win in the fast-growing Indian sovereign AI market, following its recent partnerships with SK Telecom and SB Energy. The deal underscores strong demand for Blackwell GPUs in AI cloud buildouts.
At the time of this announcement, NVDA was trading at $220.68 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.3T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Mint.