Nokia Receives Strong Endorsement from Nvidia

3 months ago

"Nokia, speaking of deals, um thank you very much uh Nvidia. We did see Nokia ADRs that trade in the US soaring in today's session up about 22%. Nvidia planning to make a $1 billion equity investment in Nokia. Uh that's as we have reported out kind of a vindication that uh Nokia's pivot from mobile networking kit into AI by uh the sector's kingmaker. I mean listen that is a big endorsement from Nvidia for Nokia."

Nokia is receiving a strong bullish signal from Nvidia's planned $1 billion equity investment, which is seen as a vindication of its strategic pivot into AI and has pushed its ADRs up by about 22%.

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