Tata Communications Share Price Rises Following AI Infrastructure Launch with NVIDIA

AI Infrastructure Unveiling Boosts Tata Communications Share Price

Tata Communications share price rallied over 3 percent on October 24 after the the company unveiled AI infrastructure with NVIDIA-accelerated computing.

As part of the initiative, Tata Communications will integrate cutting-edge NVIDIA software solutions such as NVIDIA NIM microservices, and the NVIDIA Omniverse and NVIDIA Isaac platforms, into its AI Cloud offerings.

The announcement led to a sharp up move in the company's share price in the domestic market with the counter touching the day's high at Rs 1,838.50 per share on the NSE. The trend reversal was witnessed as the scrip gained after three days of consecutive fall on the exchanges.

The company in an exchange filing said, “At the end of this year, Tata Communications will begin the first phase of its large-scale
deployment of Hopper GPUs, establishing itself as one of the largest NVIDIA Hopper GPU cloud-based supercomputers in India.

The second phase, planned for 2025, will further expand the infrastructure with Blackwell GPUs, it added.

The collaboration marks a significant milestone in the country’s AI journey, positioning Tata Communications as a key player in enabling AI applications across a wide spectrum of industries including manufacturing, healthcare, retail, and banking and financial services, and equipping them with the computing power needed to handle complex AI workloads, the company said in a statement.

The company has reported a 2.98 percent year-on-year rise in consolidated net profit to Rs 227.23 crore in the September quarter. Its consolidated net profit, attributable to equity holders of the parent firm, stood at Rs 220.66 crore in the year-ago period.

However, the company’s net profit declined 31.73 percent against Rs 332.84 crore reported in the first quarter of the current fiscal.

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