Nvidia’s Investment in Nokia Doubles, Focused on AI-RAN for Future Networks
In October 2025, Nvidia invested $1 billion in Nokia at a share price of $6.01 per share. As of June 30, the investment was valued at approximately $2.2 billion based on Q2 filings with the SEC's Form 13F. The partnership aims to develop AI-RAN technology that integrates artificial intelligence into mobile networks and paves the way for future advancements like 6G. Nvidia seeks to extend its influence beyond data centers by embedding AI capabilities directly into network infrastructure, while Nokia benefits from access to Nvidia’s computing ecosystem and capital injection. However, success hinges on telecom operators adopting these technologies at scale and demonstrating viable economic returns across multiple markets. The partnership is seen as a strategic bet rather than an immediate revenue driver. Both stocks saw increased ownership by hedge funds in Q2 2026, with notable positions from Fisher Asset Management and Marshall Wace. Despite the paper gain on Nvidia’s investment, market observers caution that near-term returns are uncertain due to slow-moving telecom standards and spending cycles.
Topics: 5G/6G AI corporate strategy Nokia Nvidia telecom infrastructure