Nvidia Invests $1B in Nokia; Pilots Flexible Power

Nvidia agreed to a $1 billion equity investment in Nokia, buying 166,389,351 newly issued shares at $6.01 each for roughly a 2.9% stake. The deal establishes a strategic partnership to use Nvidia chips to accelerate Nokia's 5G/6G network software and to explore incorporating Nokia's data‑center switching and optical technologies into Nvidia's AI infrastructure. Nokia said it will use the proceeds to expand its network‑software and data‑center business under CEO Justin Hotard, building on its Infinera acquisition and positioning itself as an alternative to Huawei. Nokia shares jumped sharply to levels not seen in nearly a decade following the announcement. Separately, Nvidia is piloting a "flexible power" model at Aurora, a Virginia data center built by Digital Realty, deploying Emerald AI software to shift compute across time and geography to smooth grid demand, lower electricity costs and meet an industry certification led by EPRI and PJM. Markets and traders reacted quickly, creating cross‑market trading angles and potential spillovers into AI‑related crypto tokens.