Overview
- Nvidia agreed to buy 166,389,351 newly issued Nokia shares at $6.01 each for a roughly 2.9% stake, with the subscription subject to customary closing conditions.
- Nokia and Nvidia announced a nonexclusive collaboration on AI‑RAN and data‑center networking, including plans to align Nokia’s switching and optical tech with Nvidia’s AI infrastructure.
- T‑Mobile US is slated to run field trials of the AI‑RAN technologies in 2026 to validate performance and efficiency in live networks.
- Nokia shares jumped more than 20% on the announcement and were reported up over 40% across two days before slipping about 5% in Helsinki trading.
- Kepler Cheuvreux cautioned that the rally looks excessive given uncertain medium‑term revenue, while Nokia plans to use proceeds to accelerate RAN software on Nvidia’s architecture and expand in AI and cloud.