Nvidia commits $1 billion to acquire a 2.9% stake in Nokia, aiming to build AI-networking infrastructure and signal next-gen connectivity strategy.

Nvidia will pay $1 billion for a 2.9% Nokia stake as part of a deal focused on AI and data centers, the Finnish telecom equipment maker said on Tuesday as its shares hit their highest level in nearly a decade.

NVIDIA is investing $1 billion to enable Nokia to accelerate development of a 6G platform to support artificial intelligence networks and infrastructure.

NVIDIA and Nokia team to accelerate the development and deployment of next-gen 6G connectivity, adding AI native mobile networks and infrastructure.

RAN base station will run all processing on the Nvidia GPU. T-Mobile to put the AI-RAN product into trials in 2026.

Nokia CEO Justin Hotard says AI is a "super cycle," where the "long-term prospects are massive."

Shares of Nokia (NASDAQ: NOK) surged 25% yesterday after Nvidia (NASDAQ: NVDA) announced a $1 billion strategic investment to accelerate AI-powered 6G infrastructure development. The stock rocketed from $6.

Nokia secures a $1 billion investment from Nvidia to accelerate its transition into AI-powered networking and 6G innovation. Click to find out why NOK is a Buy.