Nvidia buys 2.9% stake in Nokia for $1 billion, fueling 21% share surge
Nvidia will buy a 2.9% stake in Nokia for $1 billion as part of a new partnership focused on AI and data centers. The announcement on Tuesday pushed Nokia’s shares to their highest level in almost 10 years. Nokia said it will work with Nvidia to develop AI-based networking solutions and look for ways to include its data center communication products in Nvidia’s future AI infrastructure.
