Overview
- Nokia will issue 166.4 million new shares at $6.01 each, giving Nvidia about a 2.9% holding to be delivered as American Depositary Shares by November.
- The partnership targets AI-driven radio access networks and explores integrating Nokia’s data‑center switching and optical technology into Nvidia’s AI infrastructure.
- Nokia plans to use the proceeds to accelerate its RAN software for 5G and 6G on Nvidia’s architecture and to advance strategic AI initiatives.
- Markets reacted to the announcement with Nokia shares up roughly 19% and Nvidia up about 1.5%.
- Nvidia’s latest deal fits a broader campaign of minority stakes and commercial tie-ups—reported to include OpenAI and others—that boosts its reach but can create circular purchase commitments, according to analysts.