Nvidia's $1 billion stake sends Nokia to decade high on AI hopes

[hist78]

~ Nokia shares rise nearly 21%
~ Nokia, Nvidia to partner with T-Mobile US on AI radio tech
~ Nvidia near-monopoly in supplying chips for data centers
~ Nokia CEO expects deal to contribute to revenue from 2027
~ Nvidia CEO says deal makes US center of next 6G revolution

Nvidia's $1 billion stake sends Nokia to decade high on AI hopes

Nvidia will pay $1 billion for a stake of 2.9% in Nokia as part of a deal focused on AI and data centers, the Finnish telecom equipment maker said on Tuesday as its shares hit their highest level in nearly a decade.

www.reuters.com

 

[hist78]

~ Nokia shares rise nearly 21%
~ Nokia, Nvidia to partner with T-Mobile US on AI radio tech
~ Nvidia near-monopoly in supplying chips for data centers
~ Nokia CEO expects deal to contribute to revenue from 2027
~ Nvidia CEO says deal makes US center of next 6G revolution

Nvidia's $1 billion stake sends Nokia to decade high on AI hopes

Nvidia will pay $1 billion for a stake of 2.9% in Nokia as part of a deal focused on AI and data centers, the Finnish telecom equipment maker said on Tuesday as its shares hit their highest level in nearly a decade.

www.reuters.com

Nokia now owns Bell Labs and a vast portfolio of patents from the Alcatel-Lucent acquisition. The potential AI applications in mobile networks and mobile devices could be far greater than those envisioned in the AI PC concept.