NVIDIA is investing $1 billion to enable Nokia to accelerate development of a 6G platform to support artificial intelligence networks and infrastructure.

As part of the deal, Nvidia plans to make a $1 billion investment in Nokia in exchange for a 2.9% stake in the Finnish networking pioneer. To facilitate the transaction, Nokia will issue 166,389,351 new shares, which Nvidia will purchase for $6.01 per share.

Nvidia invested $1 billion in Nokia, acquiring a 2.9% stake to collaborate on 6G development, AI networking, and cloud infrastructure innovation.

EETInside Information: NVIDIA to make USD 1.0 billion equity investment in Nokia in addition to new strategic partnership – Nokia’s Board resolved on directed share issuance to NVIDIA NVIDIA to invest USD 1.

Nvidia has agreed to pay $1-billion for a stake of 2.9% in Nokia as part of a deal focused on AI and data centres.

Nokia has announced that NVIDIA will take a $1 billion stake in the mobile technology firm. Nokia has announced that NVIDIA will take a $1 billion stake in the company. The strategic partnership will include development of 6G celluilar technology and funding for AI plans.

Market sentiment is bullish as it awaits the Federal Reserve's announcement of potential rate cuts tomorrow, October 29. The stronger-than-expected earnings from PayPal, United Parcel Services, and Regeneron Pharmaceuticals kept investors confident, along with the improved prospects on the US-China trade front.