Nokia Stock Skyrockets on AI Hype and Nvidia’s $1B Bet – 5G Deals Fuel Decade-High Rally
Nokia shares surged over 20% Tuesday after Nvidia announced a $1 billion investment for a 2.9% stake and an AI-focused partnership. The stock has climbed nearly 70% year-to-date, trading above $6. Nokia’s Q3 earnings beat forecasts, with revenue up 12% and profit guidance raised. Wall Street analysts upgraded the stock following the Nvidia deal and strong results.