US EditionNvidia takes $1 billion stake in Nokia
- On Tuesday, Nvidia CEO Jensen Huang announced a $1 billion investment in Nokia Corporation to integrate AI into mobile networks and enable 6G-ready networks.
- Nokia will use proceeds from the investment to support its AI and cloud strategy, advancing trusted connectivity for the AI supercycle and developing 5G and 6G RAN software on NVIDIA's architecture.
- Nokia's board resolved to issue 166,389,351 new shares to NVIDIA at USD 6.01 per share, giving NVIDIA a 2.90% stake while the new shares represent 2.98% before issuance.
- Nokia's stock jumped more than 25 percent after the announcement, with new shares expected to register in November and trade as American Depositary Shares on Nasdaq Helsinki, Euronext Paris, and the New York Stock Exchange.
- One estimate published earlier this month suggests telco operators can earn roughly $5 in AI inference revenue per $1 invested in AI-RAN, while Nvidia recently committed capital to Intel and OpenAI .
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The US semiconductor giant Nvidia will acquire a 2.9% stake in the Finnish telecommunications equipment company Nokia for $1 billion, announced the European company on Tuesday, October 28, while its shares earned almost 20%. The investment adds to the strategic partnership between the two companies to develop the fifth and sixth generation of mobile telephony (5G and 6G) using Nvidia chips. “Nokia and Nvidia agreed to collaborate on AI-based net…
Nvidia Just Made a $1 Billion Bet on Nokia. Should Investors Follow Its Lead?
Key PointsNvidia announced it has made a $1 billion investment in Nokia.Nvidia is also partnering with Nokia on technology integrations and new networking tech.Today's investment and partnership news is a promising sign that Nokia's network bets will continue to pay off.10 stocks we like better than Nokia Oyj › In a surprising move revealed Tuesday, Nvidia (NASDAQ: NVDA) announced it was taking a $1 billion investment stake in Nokia (NYSE: NOK).…
The world's most valuable company, Nvidia, is to partner with Nokia and invest nearly 860 million euros in the Finnish company. Nokia's stock rose more than 20 percent after the announcement.
Nvidia will invest 1 billion dollars in the share capital of Nokia: the transfer of 166,4 million new shares, to 6,01 dollars each, will happen within November
The Mercury news
siliconvalley.comNvidia to invest $1 billion in Nokia in AI networking push
Nvidia Corp. plans to make a $1 billion equity investment in Nokia Oyj, as the AI sector's kingmaker bets on the Finnish company's pivot from mobile networking kit into artificial intelligence.
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