【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com 格隆汇11月4日丨诺基亚宣布，已决议提交申请，将其股票从法国巴黎泛欧证券交易所退市。诺基亚决 定提交退市申请，是基于对在泛欧交易所上市相关的交易量、成本及行政要求的综合评估。诺基亚股票 将继续在赫尔辛基纳斯达克交易所上市，其美国存托凭证仍将在纽约证券交易所挂牌交易。若获泛欧交 易所董事会批准，退市预计将在未来三个月内生效。 ...

Nokia CorporationStock Exchange Release4 November 2025 at 08:00 EETNokia announces intention to seek a delisting from Paris Stock Exchange Espoo, Finland — The Board of Directors of Nokia Corporation (“Nokia”) has resolved on submitting an application for the delisting of its shares (ISIN: FI0009000681) from the regulated market of Euronext in Paris (“Euronext Paris”). The decision by Nokia to submit the delisting application was taken following a review of the trading volumes, costs and administrative req ...

Group 1: Market Movements - Wanda Hotel Development (00169) saw a significant increase, rising over 20% during trading, attributed to an agreement with Sony's CPE for a 49% stake in Vampire Squid Productions, which operates the "Octonauts" IP [1] - Cat's Eye Entertainment (01896) rose over 5.3% following the announcement of the film "Demon Slayer: Infinity Castle Chapter One" set to release on November 14, with over 142,000 new views recorded on the platform [1] - Baidu Group-SW (09888) increased by 6.6% after its subsidiary reported over 250,000 orders completed by fully autonomous vehicles, marking a significant step in the commercialization of autonomous driving [1] - Semiconductor stocks experienced gains, with Huahong Semiconductor (01347) up 2.14%, Shanghai Fudan (01385) nearly 1%, and SMIC (00981) up 1.37%, driven by a continued demand for memory chips and price increases planned by several manufacturers [1] Group 2: Gold and Oil Stocks - Gold stocks continued to decline, with Lingbao Gold (03330) down 4.46% and China Gold International (02099) down 2.41%, as spot gold prices fell below $3,980 per ounce, a drop of over 9% from the high on October 20 [2] - Oil stocks rose, with PetroChina (00857) up 3.14% and Sinopec (00386) up 1.66%, following OPEC+'s announcement to pause production increases in Q1 2024, leading Morgan Stanley to raise its short-term oil price forecast [3] Group 3: Automotive and Technology Developments - Li Auto-W (02015) fell 3.3%, with a reported 38% year-on-year decline in new car deliveries for October, alongside a recall announcement for the MEGA 2024 model due to coolant issues [3] - Hesai Technology (02525) rose over 2% after announcing a strategic partnership with Guanghetong to develop a multi-modal perception and control solution based on lidar technology [3] Group 4: US Market Highlights - Atour (ATAT.US) increased by over 5.8%, supported by China's 14th Five-Year Plan aimed at boosting consumption [5] - NIO (NIO.US) rose over 2.3% with a 92.6% year-on-year increase in new car deliveries for October [5] - Micron Technology (MU.US) gained over 4.8% as Samsung paused DDR5 DRAM contract quotes, impacting the supply chain [5] - Nokia (NOK.US) rose over 3.4% following a $1 billion investment from Nvidia to accelerate AI-RAN innovations [6]

Core Viewpoint - Nvidia's $1 billion investment in Nokia signifies a strategic move to regain control over the communication sector, particularly in the upcoming 6G era, as the company aims to establish a dominant position in AI-driven wireless networks [2][4][5]. Group 1: Investment Details - Nvidia's investment in Nokia was announced by CEO Jensen Huang during the GTC conference, leading to a 22% surge in Nokia's stock price and Nvidia's market capitalization reaching $5.05 trillion, making it the first company to achieve this milestone [2]. - Despite Nvidia's substantial investments in various companies, the $1 billion investment in Nokia is seen as a critical step towards controlling communication technology, which is essential for the interconnectedness of AI in the future [4]. Group 2: Strategic Implications - The investment is part of Nvidia's broader strategy to reclaim the U.S. leadership in communication technology, which has been dominated by Chinese companies like Huawei in the 5G era [5][10]. - Nvidia's collaboration with Nokia aims to develop AI-RAN (Radio Access Network) technology, which will enhance the efficiency and capabilities of wireless communication networks, positioning Nvidia as a key player in the AI infrastructure [15][18]. Group 3: Nokia's Position - Nokia has shifted its focus from mobile phones to network infrastructure, generating significant revenue from its extensive patent portfolio, which includes over 3,000 5G core patents, accounting for 12% of the global total [11][13]. - In 2025, Nokia reported approximately €9.3 billion in revenue, with a net profit increase of 31.58%, demonstrating its strong financial performance in the telecommunications sector [11]. Group 4: Competitive Landscape - The competition for 6G technology is intensifying, with companies like Huawei and ZTE already advancing their own AI-driven network architectures, which poses a challenge for Nvidia and Nokia [24][25]. - Nvidia's partnership with Nokia is seen as a strategic move to counterbalance the technological advancements made by Chinese firms in the telecommunications space, particularly in the context of AI and network efficiency [26].

Core Viewpoint - The integration of artificial intelligence (AI) and wireless communication is accelerating the evolution of next-generation network technologies, particularly with the collaboration between NVIDIA and Nokia to launch the NVIDIA ARC platform aimed at 6G [1] Group 1: AI and 6G Development - NVIDIA and Nokia's partnership focuses on creating an AI-native wireless communication system that leverages NVIDIA's GPU capabilities and Nokia's expertise in wireless communication [1] - The AI-RAN system is expected to revolutionize network performance and efficiency for mobile operators, enhancing existing AI applications while paving the way for future 6G services [1][2] - The concept of "AI Native" is central to 6G, transforming networks from mere connectivity providers to intelligent infrastructures capable of decision-making [2] Group 2: Technological Advancements and Challenges - 6G is anticipated to surpass 5G in transformative potential, with applications extending from consumer-level "Internet of Everything" to "Intelligent Internet of Everything" that deeply impacts the physical world [3] - Key revolutionary features of 6G include the integration of sensing, computing, and communication, enabling applications like vehicle-road collaboration and environmental monitoring [3] - Significant challenges remain, including breakthroughs in core technologies such as terahertz communication and the need for substantial capital investment for network construction [3][4] Group 3: Global Competition and Standardization - The collaboration between NVIDIA and Nokia is seen as a strategic move to secure a position in the upcoming 6G standardization process, with the EU and Japan also focusing on their respective 6G initiatives [4] - China is leveraging its 5G advancements and market size to gain a competitive edge in the global 6G landscape, with the IMT-2030 (6G) promotion group actively driving research and development [4][5] - The establishment of a global consensus on frequency bands for 6G is crucial to avoid increased complexity and costs in the industry [5] Group 4: Industry Initiatives and Future Outlook - Major Chinese telecom operators are actively participating in 6G development, with China Mobile proposing a comprehensive network architecture that emphasizes service-oriented capabilities [6] - Huawei is investing heavily in 6G research, envisioning a network that integrates terrestrial and satellite communications for seamless global connectivity [6] - The global race for 6G is set to define the communication technology landscape for the next decade and significantly influence the future of the digital society [6]

Core Viewpoint - Nokia's stock rose over 3% to $7.16 following Nvidia's announcement of a $1 billion investment to accelerate AI-RAN innovation and facilitate the transition from 5G to 6G [1] Group 1: Investment and Partnership - Nvidia will invest $1 billion in Nokia to enhance AI-RAN capabilities and support the shift from 5G to 6G [1] - The partnership will integrate Nvidia's AI-powered commercial-grade AI-RAN products into Nokia's RAN product portfolio [1] - Nokia plans to launch AI-native 5G-A and 6G networks on Nvidia's platform [1] Group 2: Market Reaction - Following the announcement, Nokia's stock experienced a significant increase, but subsequently faced a pullback in the following trading days [1]

Core Insights - Nokia and Rohde & Schwarz have developed an AI-powered 6G radio receiver aimed at addressing coverage limitations in 6G networks [1][3] - The collaboration focuses on enhancing uplink distance and coverage, allowing operators to deploy 6G over existing 5G infrastructures, thus reducing costs and accelerating market entry [2][9] Technology Development - The AI receiver has shown uplink distance improvements of 10% to 25% compared to current technologies, tested under real-world conditions [4] - The technology utilizes machine learning to identify and compensate for signal distortion, significantly enhancing 6G uplink coverage [9] Industry Impact - The partnership between Nokia and Rohde & Schwarz is positioned to shape the future of 6G technology, leveraging over 90 years of experience in test and measurement [5][10] - The proof-of-concept receiver will be showcased at the Brooklyn 6G Summit on November 6, 2025, highlighting the advancements in AI-driven wireless technology [2][9]

Core Insights - Nvidia and Nokia have formed a strategic partnership, with Nvidia investing $1 billion at a subscription price of $6.01 per share, focusing on the AI-RAN market and future 6G evolution [1][3] - The partnership marks a significant shift in Nokia's strategy, as it aims to reform its RAN products to accommodate Nvidia's technology, despite previous skepticism about using Nvidia's GPUs for RAN applications [3][4] Group 1: Strategic Developments - The change in Nokia's stance is attributed to the appointment of Justin Hotard as CEO, who has a strong background in AI and technology, advocating for the integration of AI in network solutions [4][12] - Nvidia's willingness to provide financial support to companies that can drive demand for its products is evident from its previous investments in OpenAI and Intel, indicating a strategy to bolster its market position [7][11] Group 2: Market Dynamics - The RAN market is relatively small, with total sales of $35 billion last year, and has seen a decline of $10 billion since 2022, making Nvidia's interest in this sector appear puzzling [8][12] - Nvidia's real attraction lies in the opportunity to sell GPUs to telecom operators, which could be deployed at numerous sites, enhancing AI capabilities closer to end-users [8][9] Group 3: Financial Implications - Following the announcement of the partnership, Nokia's stock price surged over 20%, reaching its highest level since early 2016, reflecting investor optimism about the potential benefits of the collaboration [13][14] - Nokia's financial struggles are evident, with a reported operating profit of €251 million ($293 million) in the first nine months of 2024, down from a profit in the same period the previous year [12][19] Group 4: Competitive Landscape - The partnership raises questions about the future role of other chip suppliers like Marvell in Nokia's 5G and 6G plans, as reliance on Nvidia could lead to an over-dependence on a single supplier [18][19] - Major telecom operators have expressed skepticism about deploying GPUs in RAN, indicating a potential challenge for Nvidia in convincing the industry of the benefits of its technology [11][21] Group 5: Future Outlook - If successful, the partnership could position Nokia as a key player in the evolving telecom landscape, potentially leading to significant advancements in mobile network technology [20][21] - The collaboration is seen as a pivotal moment for Nokia, with the potential to reshape its market presence and influence in the telecom sector, akin to a transformative event in the industry [21]

Core Insights - Nokia and OneLayer are collaborating to enhance secure private 5G/LTE adoption for utility companies, focusing on modernizing grids with improved security and operational efficiency [2][6][7] Company Collaboration - The partnership combines Nokia's secure mission-critical private networks with OneLayer's OT asset management, aiming to provide deeper device visibility and stronger security across private cellular networks [2][5] - This collaboration is seen as a significant milestone in the relationship between Nokia and OneLayer, emphasizing their commitment to empowering utility companies [6] Security Enhancements - The increase in private network-connected devices presents both opportunities for seamless interaction and challenges related to emerging security vulnerabilities, with 81% of cyber claims in the last four years linked to external system manipulations [3] - Nokia's NetGuard Endpoint Detection and Response offers real-time threat detection for private wireless networks, while OneLayer's Bridge™ extends security to utility endpoints and field assets [4][5] Technological Capabilities - The joint offering promotes a zero-trust security approach, featuring advanced capabilities such as asset discovery, micro-segmentation, geofencing, and anomaly detection, which collectively reduce attack surfaces and enhance incident response [5] - Nokia has a proven track record in delivering reliable mission-critical network solutions to various utility sectors, including large U.S. Investor-Owned Utilities and municipal utilities [8]

Core Insights - Nokia and OneLayer are collaborating to enhance secure private 5G/LTE adoption for utility companies, focusing on modernizing grids with improved security and operational efficiency [2][6][7] Group 1: Partnership Overview - The partnership combines Nokia's secure mission-critical private networks with OneLayer's OT asset management to provide deeper device visibility and stronger security [2][5] - This collaboration aims to support utility companies in their grid modernization efforts by leveraging advanced security features and operational intelligence [6][7] Group 2: Security and Technology Features - The integration of NetGuard Endpoint Detection and Response offers real-time threat detection for private wireless networks, while OneLayer Bridge™ extends protection to utility endpoints [4][5] - The joint offering employs a zero-trust security model, incorporating capabilities such as asset discovery, micro-segmentation, and anomaly detection to reduce attack surfaces [5][11] Group 3: Market Context and Implications - The rise in private network-connected devices presents both opportunities for seamless interaction and challenges related to emerging security vulnerabilities, with 81% of cyber claims linked to external threats [3] - Nokia has a proven track record in delivering reliable mission-critical network solutions to various utility sectors, enhancing trust in their offerings [8][10]