Nokia
Nvidia Acquires 2.9% Stake in Nokia for $1 Billion to Advance AI-Powered 5G and 6G Technologies
Oct 29, 2025 01:52 am CST
Nvidia has invested $1 billion to acquire a 2.9% stake in Nokia, sending the Finnish telecom equipment maker's shares soaring by 20%. The strategic partnership focuses on developing AI-powered 5G and 6G technologies while integrating Nokia's data centre capabilities into Nvidia's AI infrastructure. This collaboration marks a significant move in the convergence of telecommunications and artificial intelligence technologies.
Nokia CEO Justin Hotard Predicts Long-Term AI Supercycle Despite Market Bubble Concerns
Oct 23, 2025 07:30 pm CST
Nokia's CEO Justin Hotard compares the current AI boom to the 1990s internet revolution, dismissing bubble fears while highlighting the company's strategic shift toward AI technologies. Following strong quarterly earnings driven by data center demand, Nokia has established a dedicated Technology and AI organization to accelerate innovation after its acquisition of optical networking firm Infinera, marking its biggest transformation since selling its mobile phone business in 2013.