Nokia’s shares surged over 20% this week after Nvidia stock revealed a $1 billion investment forming a new alliance to develop AI-driven networking and 6G infrastructure.

Nokia shares rose nearly 25% this week after Nvidia announced its $1 billion (£753 million) equity investment.

NVIDIA and Nokia team to accelerate the development and deployment of next-gen 6G connectivity, adding AI native mobile networks and infrastructure.

Shares drop 5% after 40% rally on Nvidia's $1B investment. Analysts warn valuation already prices in uncertain partnership upside.

Nokia secured another major win as Zayo enlisted the Nordic vendor to support upgrades of its IP network architecture. The now Nvidia-backed firm secured the rights to support Zayo’s upgrade efforts as the fiber provider continues to build out its already sizable network.

As part of the deal, Nvidia plans to make a $1 billion investment in Nokia in exchange for a 2.9% stake in the Finnish networking pioneer. To facilitate the transaction, Nokia will issue 166,389,351 new shares, which Nvidia will purchase for $6.01 per share.

NVIDIA CEO Jensen Huang’s 90-minute keynote was a quiet statement of American power – kinda. But he had some surprises up his leather sleeve.

Unlike rival Ericsson, the $36 bln Finnish group sells networking kit to giant data centres. That means it’s exposed to the artificial intelligence boom. While its core telecoms business is unlikely to show much growth,