nokia

Nvidia Invests $1 Billion For 2.9% Stake In Nokia Deal Boost

Nvidia Invests $1 Billion For 2.9% Stake In Nokia Deal Boost

Nvidia’s $1 Billion investment gives it a 2.9% stake in Nokia, strengthening a joint push into AI-driven 5G, 6G, and next-generation network technology.

Nvidia, the world’s most valuable chipmaker, has agreed to invest $1 billion in Nokia, acquiring a 2.9 percent equity stake as part of a deepening alliance aimed at advancing 5G, 6G, and artificial intelligence-powered network infrastructure.

The move expands an existing partnership between the two technology giants and underscores Nvidia’s growing influence beyond data centers and into telecom infrastructure. Under the deal, both companies will collaborate on developing advanced radio access network (RAN) systems and accelerating Nokia’s …

Nokia Company Shares Plunge On Lower Earnings Forecast

Nokia Company Shares Plunge On Lower Earnings Forecast

Shares in Nokia tumbled 20 percent on Thursday after the Finnish telecommunications equipment maker cut its earnings forecast in the face of intense competition to build the latest 5G mobile networks.

While returning to profit in the third quarter, the company said it was downgrading its expectations for earnings and margins for this year and 2020 “due to margin pressure, additional 5G investments and additional digitalisation investments.”

Nokia and its rivals Ericsson of Sweden and China’s Huawei are engaged in a fierce battle to roll out 5G, with both Ericsson and Huawei upgrading their outlooks as the market appears to …