Nokia’s stock surges after $1 billion AI deal
Nvidia, with a market cap of over $4.7 trillion, has partnered with Nokia to develop an AI-enabled cellular phone network.
The deal, worth $1 billion, aims to upgrade mobile networks to 6G communications and AI capabilities.
Nokia’s stock has risen 133% to almost $14 per share since the deal was announced, with the company anticipating a major surge in revenue from the partnership.