Nvidia to buy 2.9% stake in Nokia for $1 billion, boosting telecom collaboration

Nvidia announced plans to acquire a 2.9 percent equity stake in Finnish telecom leader Nokia for approximately $1 billion, signaling a strategic partnership focused on AI-driven 5G networks. Nokia’s shares surged nearly 20 percent on the news. The deal aims to integrate Nvidia’s AI computing hardware into Nokia’s infrastructure systems, strengthening edge networking and low-latency data processing. Industry analysts said the move could accelerate AI workloads in telecom deployments while diversifying Nvidia’s portfolio beyond data centers. The transaction remains subject to European regulatory approval.