Key Takeaways
- Nokia’s inventory soared Tuesday after Nvidia stated it plans to take a $1 billion stake within the Finnish tech firm. Nvidia shares additionally climbed.
- The deal marks Nvidia’s newest wager on AI infrastructure performs.
A vote of confidence from AI chipmaker Nvidia despatched shares of one other tech firm hovering Tuesday.
Nvidia (NVDA) stated it is making a $1 billion funding in Nokia (NOK) along with a brand new strategic partnership, sending shares of the Finnish tech firm up practically 23%. With Tuesday’s positive aspects, they’ve added about three-quarters of their worth in 2025.
Nvidia stated it’s going to buy practically 166.4 million new Nokia shares at $6.01 every, and grow to be a 2.9% shareholder of the Finnish agency. Nokia stated it could use the proceeds “to speed up its strategic plans to advance trusted connectivity for the AI supercycle and different normal company functions.”
Nokia, recognized for its early cellphones and cell community merchandise, has shifted its focus to cater to the booming AI knowledge heart market of late, and the funding by Nvidia marks its newest wager on AI infrastructure performs.
Why This Information Is Important
Nvidia’s $1 billion funding in Nokia marks the newest deal increasing its AI infrastructure push. The soar in Nokia’s inventory following the information additionally speaks to Nvidia’s rising affect, with the power to drive optimism concerning the shares of firms it invests in.
A few of the different firms Nvidia has taken stakes in embrace AI cloud computing supplier CoreWeave (CRWV) and AI chip designer Arm (ARM). CoreWeave represented the biggest holding in Nvidia’s fairness portfolio, with 24.3 million shares amounting to a roughly 7% stake within the firm as of June, based on a regulatory submitting.
Very similar to Nvidia, shares of Arm have added near half of their worth in 2025 as demand for AI chips has surged, whereas shares of CoreWeave have greater than tripled from their preliminary public providing worth of $40 in March.
Nvidia shares rose about 5% Tuesday to shut at a report excessive after CEO Jensen Huang gave a keynote tackle on the firm’s builders convention in Washington, D.C. highlighting its newest developments in AI and a flurry of bulletins, together with the partnership with Nokia.
This text has been up to date because it was first printed to incorporate further data and mirror more moderen inventory costs.
