Nokia's shares soared nearly 25% this week after US chip giant Nvidia announced a $1 billion (£753 million) equity investment in the Finnish telecoms company. The deal, which gives Nvidia a 2.9% stake in Nokia, marks a major vote of confidence in the group's transformation strategy and its potential role in the rapidly expanding AI connectivity market.
The announcement sent Nokia's stock to its biggest one-day gain in years, adding billions to its market value and reigniting optimism among long-term investors who had seen the firm struggle through the 5G transition.
