Nokia Jumps on Nvidia Investment Catalyst

3 months ago

Nora Melinda

"I'm looking at shares of Nokia. They ended up about 22%. This is the ADR's ticker N. Okay. The best day since 2021. Of course, we know the stock was earlier halted for volatility. This is after the announcement that Nvidia will be investing $1 billion in the company. Of course, this is all in a push toward AI networking here. And this would give Nvidia a 2.9% stake here in the company. But you definitely are seeing these shares ending higher and Nvidia up about 4.9% to end the day."

Nokia (ticker N) experienced a significant 22% jump in the aftermath of Nvidia's $1 billion investment announcement, which positions the company to benefit from AI networking efforts. The commentary highlights the volatility earlier in the day and the strong market reaction.

Related Stocks