NVIDIA takes $1B stake in Nokia
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6G, Nokia and NVIDIA
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Nokia’s shares surged over 20% this week after Nvidia stock revealed a $1 billion investment forming a new alliance to develop AI-driven networking and 6G infrastructure.
Shares of Nokia (NASDAQ: NOK) surged 25% yesterday after Nvidia (NASDAQ: NVDA) announced a $1 billion strategic investment to accelerate AI-powered 6G infrastructure development. The stock rocketed from $6.
NVIDIA CEO Jensen Huang’s 90-minute keynote was a quiet statement of American power – kinda. But he had some surprises up his leather sleeve.
The Finnish telecom equipment maker announced a strategic alliance with the U.S. chip giant focused on AI-powered radio access networks (AI-RAN) and data center networking. As part of the deal, Nvidia will invest $1 billion in Nokia shares, equivalent to roughly 2.9% of its outstanding stock.
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.