Why did NOK move on Oct 28, 2025?
11:30 ET · AI-sourced explanation · gemini-flash-latest
Nokia (NOK) surged 21% on October 28, 2025, following the announcement of a major strategic partnership with Nvidia. Under the agreement, Nvidia is making a $1 billion investment in Nokia to acquire a 2.9% stake (purchasing over 166 million shares at $6.01 each). The capital and partnership are aimed at co-developing and accelerating AI-powered radio access network (AI-RAN) technology.