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Nokia announced on tuesday that nvidia is taking a $1 billion stake in the networking company, the latest partnership for the artificial intelligence chipmaker. Nokia will issue around 166 million new shares to nvidia priced at $6.01 each, giving the us chipmaker a 2.9% ownership in the company, both firms said in a joint statement on tuesday. Nvidia will pay $1 billion for a stake of 2.9% in nokia as part of a deal focused on ai and data centers, the finnish telecom equipment maker said on tuesday as its shares hit their highest level.
Msdami Leaked - Seymour Hub
What the two companies are flaunting on stage this week at nvidia's gtc event in washington, dc, significantly ups the tempo Nvidia, in a sign of its growing muscle and influence, is taking a.
