Overview
- Nvidia will subscribe to 166,389,351 new Nokia shares at $6.01 each for a roughly 2.90% stake, subject to customary closing conditions.
- Nokia and Nvidia will co-develop AI-native radio access network software spanning 5G to 6G and explore integrating Nokia switching and optical gear into Nvidia’s AI infrastructure.
- T-Mobile U.S. is slated to run field trials next year to evaluate AI-RAN performance and efficiency gains.
- Nokia says proceeds will accelerate its strategy to serve the AI buildout, with CEO Justin Hotard guiding that revenue from the new equipment should begin in 2027.
- Nokia shares jumped more than 40% over two days on the news before pulling back about 5%, and Kepler Cheuvreux cautioned that medium-term revenue potential remains uncertain.