Nokia (NOK) Rockets to Fresh Record High on Nvidia $1-Billion Backing

We recently published 10 Stocks Soaring by Double Digits; Uranium Stocks Leading. Nokia Oyj (NYSE:NOK) is one of the top-performing stocks on Tuesday.

Nokia soared to a new all-time high on Tuesday after Nvidia Corp. announced a $1 billion backing and partnership with the company for the development of AI technologies and infrastructures to bolster 5G-advanced and 6G networks.

In intra-day trading, the stock soared to an all-time high of $8.19 before trimming gains to end the day just up by 22.84 percent at $7.77 apiece.

In a statement, Nvidia said that it would acquire $1 billion worth of shares in Nokia Oyj (NYSE:NOK) at a price of $6.01 apiece, and partner to integrate its commercial-grade AI-RAN products into the latter’s RAN portfolio, taking advantage of the $200 billion projected RAN market opportunity by 2030.

The partnership would enable communication service providers to launch AI-native 5G-Advanced and 6G networks on NVIDIA platforms and mark the beginning of an AI-native wireless era.

Together, NVIDIA and Nokia Oyj (NYSE:NOK) are also working on laying the foundation for strategic infrastructure and opening up a new high-growth frontier for telecom providers by delivering distributed edge AI inferencing at scale.

T-Mobile US will collaborate with Nokia and NVIDIA to drive and test AI-RAN technologies as a part of the 6G innovation and development process, reinforcing its global leadership in driving wireless innovation. Trials are expected to begin in 2026, focused on field validation of performance and efficiency gains for customers.

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Disclosure: None. This article is originally published at Insider Monkey.