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ReutersNokia stock today Nokia stock: Nokia shares soared 18% on Tuesday after Nvidia revealed that it is taking a $1 billion stake in the Finnish networking company, signaling a major strategic partnership in the fast-evolving world of artificial intelligence and next-generation telecommunications, as per a report.Nokia Stock Surges After Nvidia Invests $1 BillionAs part of the deal, Nokia will issue more than 166 million new shares, with the proceeds expected to be used for AI initiatives and other corporate purposes, as per a CNBC report. Targeting the Future: Nokia and Nvidia Team Up on 6G and AI NetworksThe two tech giants also plan to collaborate on developing 6G cellular technology, with Nokia adapting its 5G and 6G software to run on Nvidia’s chips, as per the report.The partnership doesn’t stop there. Nokia and Nvidia will work together on networking technology tailored for AI applications, and Nvidia will consider integrating Nokia’s solutions into its future AI infrastructure plans, as per the CNBC report.ALSO READ: Top CD rates today to lock in over 4% APY: Here’s where smart savers are moving their moneyLive EventsFor Nokia, which was once best known for its cell phones, the move marks a significant step in its evolution as a leading supplier of 5G equipment to telecom providers, and also positioning the company at the forefront of AI-ready network technology, as per the CNBC report.Nvidia’s Recent Investments Show Aggressive AI Expansion StrategyAs per the CNBC report, the announcement comes ahead of Nvidia CEO Jensen Huang’s keynote at the company’s developer conference in Washington, D.C., where the two companies are expected to highlight some of their collaborative projects.ALSO READ: Target & Amazon layoffs 2025: Are US retail giants signaling a broader economic shift?Nvidia has been aggressively investing in strategic partners in recent months, including a $5 billion commitment to Intel, a $100 billion investment in OpenAI, $500 million in self-driving startup Wayve, and $667 million in U.K. cloud provider Nscale, as per the CNBC report. FAQsWhy did Nokia stock jump today?Nvidia announced a $1 billion stake in Nokia, signaling a major partnership in AI and telecom, as per the CNBC report. How many new shares will Nokia issue for the deal?Nokia plans to issue over 166 million new shares to fund AI projects and corporate purposes,as per the CNBC report.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onNokia stock today latest newsNokia stockNvidia investment in Nokianvidia nokiaNokiaNvidiaNvidia AI strategyNokia stock surgeJensen Huang Nvidia conferenceNvidia AI infrastructure (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onNokia stock today latest newsNokia stockNvidia investment in Nokianvidia nokiaNokiaNvidiaNvidia AI strategyNokia stock surgeJensen Huang Nvidia conferenceNvidia AI infrastructure(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless Explore More Stories123
