Nokia Skyrockets on Nvidia Deal, D.R. Horton Falls
- Nokia (NOK) shares skyrocketed on the news Nvidia plans to make a $1 billion equity investment in the company, as the AI sector's kingmakers bets on the Finnish company's pivot from mobile networking kit into artificial intelligence. Nokia shares jumped the most in more than a decade. Nokia will issue about 166 million shares to Nvidia at $6.01 apiece, giving Nvidia a 2.9% stake, the companies said in a statement on Tuesday. Nvidia’s chips will be used to accelerate Nokia’s software for 5G and 6G networks and Nvidia will explore ways to use Nokia’s data center technology…
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