Nokia shares rose 1.78% to close at $7.43 following news that Nvidia increased its stake in the company, while J.P. Morgan analyst Sandeep Deshpande raised his price target to $8.20.
- The increased investment from Nvidia validates the ongoing joint collaboration between the two companies on AI-RAN products.
- Insider activity remains mixed as senior leader David Heard divested 275,000 shares, despite other executives receiving performance-linked incentives.