Why Is Sify Technologies Stock Up Today?

Sify Technologies Limited SIFY shares are soaring Tuesday after the company announced on Monday that it has become an NVIDIA colocation partner with the NVIDIA DGX-Ready Data Center program, certified for liquid cooling.

The Details:

The certification represents Sify’s data center deployment solution specifications to support 130 KW/rack capacity. Sify said the cooling solution also complies with ASHRAE’s 30 years ambient temperature guidelines. 

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“AI is emerging as the competitive differentiator for businesses, and many organizations are looking for a colocation partner who can speed time to market, with the ability to securely host and scale AI infrastructure,” said Tony Paikeday, senior director, DGX platform at NVIDIA. 

“As India’s first NVIDIA DGX-Ready Data Center partner certified for liquid cooling, Sify offers enterprises a cost-effective solution that helps meet enterprise AI infrastructure requirements.”

Sify stock is moving on heavy trading volume following the announcement with more than 46 million shares traded before Tuesday's opening bell, according to data from Benzinga Pro. 

How To Buy SIFY Stock:

By now you're likely curious about how to participate in the market for Sify Technologies SIFY – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

SIFY Price Action: According to Benzinga Pro, Sify Technologies shares are up 140% at 79 cents at the time of publication Tuesday.

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Image: u_3u3n7wt5sr from Pixabay