Infosys stock ends higher after IT firm inks deal with chipmaker giant Nvidia

Infosys Share Price: Shares of IT giant Infosys closed trade on Thursday up 0.80 per cent, or Rs 11.85, at Rs 1501.85 a day after the company announced it had signed a deal with graphics chip giant Nvidia to expand their strategic collaboration with the aim to help enterprises worldwide drive productivity gains with generative AI applications and solutions.

The stock suffered losses in the morning session before recovering in the afternoon and touching the day's high of Rs 1503.95. 

In its statement on Wednesday, Infosys said that the alliance would bring the Nvidia AI Enterprise ecosystem of models, tools, runtimes and GPU systems to Infosys Topaz — an AI-first set of services, solutions and platforms that use generative AI technologies.

Through the integration, Infosys will create offerings customers can adopt to easily integrate generative AI into their businesses, said Infosys.

“Infosys Topaz offerings and solutions are complementary to Nvidia's core stack. By combining our strengths and training 50,000 of our workforce on Nvidia AI technology, we are creating end-to-end industry leading AI solutions that will help enterprises on their journey to become AI-first,” said Nandan Nilekani, Co-founder and Chairman, Infosys, in a statement.