Reported 1 day ago
Nokia's stock soared to its highest level in nearly a decade after Nvidia announced a $1 billion investment for a 2.9% stake in the company, focusing on AI and data center collaboration. This partnership aims to leverage Nokia's networking solutions in Nvidia's upcoming AI infrastructure, amidst a significant rise in data center investments driven by AI advancements. As Nokia's CEO emphasized the importance of the deal, Nvidia's CEO highlighted the potential for the U.S. to lead in 6G technology.
Source: YAHOO