/NVIDIA%20Corp%20logo%20on%20phone-by%20Evolf%20via%20Shutterstock.jpg)
Nvidia (NVDA) continues to cement its position as the backbone of the artificial intelligence revolution. Recently, Nvidia CEO Jensen Huang emphasized that the company's chips have become nearly ubiquitous across the tech landscape. The chipmaker's latest moves demonstrate an aggressive expansion strategy that goes beyond its core GPU business.
Two days back, Nvidia announced a $1 billion investment in Nokia (NOK) as the two companies aim to shape future connectivity standards. This deal will see the tech giants collaborate on developing next-generation 6G cellular technology. Here, Nokia will adapt its network software to run on Nvidia's chips and address a fast-growing market that analysts expect to exceed $200 billion by 2030.
