Synopsis: Blue Cloud Softech Solutions partnered with US-based Byte Eclipse in a $15 million deal to develop Edge AI chips for the oil and gas industry, enhancing efficiency.

Known for providing advanced technology and software development services, the company has taken a major step into the hardware space by partnering with a US-based firm to design and develop Edge AI chips for the oil and gas industry, a move that sent its stock soaring after the announcement.

Blue Cloud Softech Solutions Limited’s stock, with a market capitalisation of Rs. 1,250 crores, rose to Rs. 28.66, hitting the intraday upper circuit, up 20 percent from its previous closing price of Rs. 23.89. However, the stock over the past year has given a negative return of 60 percent.

Chip Deal

Blue Cloud Softech Sol

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