Nokia (NOK) Stock Drops 5% After Nvidia Partnership Rally

TLDR Nokia shares fell 5% in Helsinki after a 40% two-day rally sparked by the Nvidia partnership announcement Nvidia is buying a 2.9% stake in Nokia for $1 billion to develop AI-powered radio networks and data center technology Analysts at Kepler Cheuvreux caution the stock rally has been “excessive” given uncertain revenue timelines Nokia CEO [...]

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