Nvidia will acquire new Nokia shares worth 1 billion dollars, and Nokia shares have increased by 26% after the announcement.

Nokia has announced that Nvidia will acquire new shares worth 1 billion dollars, which has led to a 26% increase in the value of its shares. The Finnish company, initially known for mobile phones, has recently focused on providing 5G cellular equipment. Nokia will issue over 166 million new shares, and the revenues will be used to fund plans in the field of artificial intelligence and other corporate purposes.

Additionally, the two companies have entered into a strategic partnership for the development of 6G technology, with Nokia adapting its 5G and 6G software for Nvidia chips. The announcement coincides with a Nvidia developer conference, where CEO Jensen Huang will discuss future collaborations. Nvidia has recently invested in several strategic partnerships, strengthening its position in the field of artificial intelligence.