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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 687.05+0.3%Oct 28 4:00 PM EDT

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From: Johnny Canuck10/28/2025 1:12:45 PM
   of 67330
 
Tech
Nvidia takes $1 billion stake in Nokia, sending the 5G equipment maker’s shares up 26%
Published Tue, Oct 28 202511:39 AM EDTUpdated 24 Min Ago


Kif Leswing @kifleswing

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Key Points

  • Nokia announced on Tuesday that Nvidia will purchase $1 billion in new Nokia shares.
  • Nokia shares soared 26% higher following the news.
  • Nokia is best known for its early cell phones, but in recent years has primarily been a supplier of 5G cellular equipment to telecom providers.


In this article





Visitors at Nokia (Nokia is a Finnish telecom, IT, and electronics company) Pavilion during the India Mobile Congress 2025 exhibition at Yashobhoomi.
Pradeep Gaur | SOPA Images | Lightrocket | Getty Images

Nokia announced on Tuesday that Nvidia is taking a $1 billion stake in the networking company, the latest partnership for the artificial intelligence chipmaker.

Nokia shares soared 26% higher following the news.

Nokia will issue over 166 million new shares and will use the proceeds to fund its plans for AI and other general corporate purposes.

The two companies also struck a strategic partnership to work together to develop next-generation 6G cellular technology. Nokia said that it would adapt its 5G and 6G software to run on Nvidia’s chips, and will collaborate on networking technology for AI.

Nokia said Nvidia would consider incorporating its technology into its future AI infrastructure plans.

Read more CNBC tech news


Nokia, a Finnish company, is best known for its early cell phones, but in recent years, it has primarily been a supplier of 5G cellular equipment to telecom providers.

The announcement comes as Nvidia CEO Jensen Huang prepares to address an audience of policymakers and government leaders in Washington DC to keynote the company’s developer conference.

Nokia and Nvidia are expected to discuss some of their collaborations and plans at the conference.

Nvidia has taken several equity stakes in strategic partners in recent months as the company has found itself at the center of the AI world.

In September, it committed a $5 billion investment to one-time rival Intel, and said it would invest $100 billion in OpenAI. It also committed $500 million in self-driving car startup Wayve and a $667 million investment in to U.K. cloud provider Nscale.
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