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Why Nokia Stock Surged Today
Yahoo Financeยท 2025-10-28 21:57
Group 1 - Nokia's shares increased by 23% following a $1 billion partnership announcement with Nvidia [1] - Nvidia will invest $1 billion in Nokia for a 2.9% equity stake, involving the issuance of 166,389,351 new shares at $6.01 each [3] - The investment will enable Nokia to enhance its advanced connectivity solutions for the AI industry, integrating its 5G and upcoming 6G software with Nvidia's technology [4] Group 2 - The collaboration aims to support the delivery of AI applications through mobile devices, addressing the anticipated surge in mobile traffic [5] - Nokia's CEO, Justin Hotard, emphasizes the goal of making AI capabilities accessible through edge computing, aiming to "put an AI data center into everyone's pocket" [6][8]