Nvidia is investing $1 billion for a 2.9% stake in Nokia to focus on AI and data centers, boosting Nokia’s shares to a near-decade high. The companies plan to collaborate on AI networking solutions, tapping into the growing $1.7 trillion data center market by 2030. With Nvidia’s dominance in supplying data center chips, CEO Jensen Huang sees the U.S. leading the 6G revolution. Nokia’s new CEO, Justin Hotard, is betting on AI growth and expanding its data center business with Nvidia’s partnership, aiming for commercial deployment by 2027, starting with 5G and moving to 6G.

Read more at Yahoo Finance: Nvidia’s $1 billion stake sends Nokia to decade high on AI hopes