https://www.cnbc.com/2025/10/28/nvidia-nokia-ai.html Skip Navigation CNBC Markets * Pre-Markets * U.S. Markets * Currencies * Cryptocurrency * Futures & Commodities * Bonds * Funds & ETFs Business * Economy * Finance * Health & Science * Media * Real Estate * Energy * Climate * Transportation * Industrials * Retail * Wealth * Sports * Life * Small Business Investing * Personal Finance * Fintech * Financial Advisors * Options Action * ETF Street * Buffett Archive * Earnings * Trader Talk Tech * Cybersecurity * AI * Enterprise * Internet * Media * Mobile * Social Media * CNBC Disruptor 50 * Tech Guide Politics * White House * Policy * Defense * Congress * Expanding Opportunity Video * Latest Video * Full Episodes * Livestream * Live Audio * Live TV Schedule * CNBC Podcasts * CEO Interviews * CNBC Documentaries * Digital Originals Watchlist Investing Club * Trust Portfolio * Analysis * Trade Alerts * Meeting Videos * Homestretch * Jim's Columns * Education * Subscribe Join IC PRO * Pro News * Josh Brown * Mike Santoli * Calls of the Day * My Portfolio * Livestream * Full Episodes * Stock Screener * Market Forecast * Options Investing * Chart Investing * Subscribe Join Pro Livestream Menu * Make It * select * USA * INTL * Livestream Search quotes, news & videos * Livestream Watchlist SIGN IN Create free account Markets Business Investing Tech Politics Video Watchlist Investing Club Join IC PRO Join Pro Livestream Menu Tech Nvidia takes $1 billion stake in Nokia, sending the 5G equipment maker's shares up 22% Published Tue, Oct 28 202511:39 AM EDTUpdated 3 Hours Ago thumbnail Kif Leswing@kifleswing WATCH LIVE Key Points * Nokia announced on Tuesday that Nvidia will purchase $1 billion in new Nokia shares. * The Finnish company's shares soared 22% higher following the news. * Nokia is best known for its early cellphones, but in recent years has primarily been a supplier of 5G cellular equipment to telecom providers. In this article * NOKIA-FI * NVDA Follow your favorite stocksCREATE FREE ACCOUNT NVIDIA CEO Jensen Huang speaks during the Live Keynote Pregame during the Nvidia GTC (GPU Technology Conference) in Washington, DC, on Oct. 28, 2025. Jim Watson | AFP | Getty Images Nokia announced on Tuesday that Nvidia is taking a $1 billion stake in the networking company, the latest partnership for the artificial intelligence chipmaker. Shares of Nokia soared 22% higher following the news. Nokia will issue more than 166 million new shares and will use the proceeds to fund its plans for AI and other general corporate purposes. The two companies also struck a strategic partnership to work together to develop next-generation 6G cellular technology. Nokia said that it would adapt its 5G and 6G software to run on Nvidia's chips, and will collaborate on networking technology for AI. Nokia said Nvidia would consider incorporating its technology into its future AI infrastructure plans. Read more CNBC tech news * OpenAI's spending bonanza has Wall Street focused on capex in Big Tech earnings reports * AI spending is boosting the economy, but many businesses are in survival mode * Apple begins shipping American-made AI servers from Texas * EU says TikTok and Meta broke transparency rules under landmark tech law Nokia, a Finnish company, is best known for its early cellphones, but in recent years, it has primarily been a supplier of 5G cellular equipment to telecom providers. The announcement comes as Nvidia CEO Jensen Huang prepares to address an audience of policymakers and government leaders in Washington, D.C., to keynote the company's developer conference. Nokia and Nvidia are expected to discuss some of their collaborations and plans at the conference. Nvidia has taken several equity stakes in strategic partners in recent months as the company has found itself at the center of the AI world. In September, it committed a $5 billion investment to one-time rival Intel, and said it would invest $100 billion in OpenAI. It also committed $500 million in self-driving car startup Wayve and a $667 million investment in U.K. cloud provider Nscale. Stock chart icon hide content Nokia one-day stock chart. CNBC logo * * * * * * * * Subscribe to CNBC PRO * Subscribe to Investing Club * Licensing & Reprints * CNBC Councils * Select Personal Finance * CNBC on Peacock * Join the CNBC Panel * Supply Chain Values * Closed Captioning * Digital Products * News Releases * Internships * Corrections * About CNBC * Ad Choices * Site Map * Podcasts * Careers * Help * Contact * News Tips Got a confidential news tip? We want to hear from you. 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