Nvidia takes $1 billion stake in Nokia

Core Viewpoint - Nvidia will purchase $1 billion in new Nokia shares, strengthening their partnership for developing cellular equipment and next-generation 6G technology [1] Group 1: Investment and Financials - Nvidia is set to acquire over 166 million new shares of Nokia as part of the $1 billion investment [1] - The proceeds from the share issuance will be utilized by Nokia to fund AI initiatives and other corporate purposes [1] Group 2: Company Background - Nokia, originally known for its early cell phones, has transitioned to primarily supplying 5G cellular equipment to telecom providers in recent years [2]