Nvidia Buys $1 Billion Stake in Nokia, Shares Surge Nearly 20%
U.S. chipmaker Nvidia will acquire a 2.9 percent stake in Finnish telecoms giant Nokia for $1 billion, the companies announced on Tuesday, sending Nokia’s shares soaring nearly 20 percent. The investment expands an existing strategic partnership between the two firms focused on developing Nokia’s 5G and 6G mobile network technologies using Nvidia’s advanced chips. “Nokia…