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 .
144 Articles
144 Articles
Retail Sentiment Soars After Nvidia’s $1B Nokia Bet Pumps Shares 25% (NOK, NVDA)
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 $6.41 to an intraday high of $8.19 on extraordinary volume, 122.7 million shares traded at peak, roughly 10 times normal daily flow. But today, Nokia has pulled back to $7.36, shedding 7.7% from its peak while still holding a 15% gain from pre-an…
Nvidia invests $1bn in Nokia to power AI-native networks
Nvidia will invest $1 billion in Nokia, acquiring a 2.9 percent stake in the Finnish telecoms firm as part of a strategic partnership to develop next-generation network technologies built around artificial intelligence. The investment, announced Tuesday, positions Nokia as a key partner in Nvidia’s expansion into telecommunications infrastructure. Nokia will integrate Nvidia’s AI chips and algorithms into mobile base stations and fixed network p…
Nvidia has announced a $1 billion mastodontic investment in Nokia to accelerate together the development of mobile networks of the future, betting on artificial intelligence as a central axis. As has been known, it is not a purchase like any other, but a capital increase that will turn Nvidia into owner of about 2.9% of Nokia. Although for many it has already been forgotten, the truth is that we are not talking about any company. Nokia, of being…
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