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Nokia benefits from market momentum driven by Nvidia

Thursday, January 29, 2026 at 04:15 PM

Nokia is experiencing positive business momentum or indirect benefits attributed to the growth and market demand surrounding Nvidia.

Context

Nokia is capitalising on a strategic partnership with Nvidia, which recently solidified its commitment with a $1 billion equity investment for a 3% stake. This alliance focuses on the high-growth AI-RAN market, aiming to embed AI processing directly into 6G wireless infrastructure. By combining Nvidia’s computing power with Nokia’s connectivity expertise, the companies plan to launch field trials with T-Mobile U.S. in early 2026, positioning Nokia as a critical player in the global AI hardware supply chain. Recent financial data underscores this momentum, as Nokia's Q4 2025 revenue reached €6.13 billion, bolstered by a 17% jump in optical networks. Although the company provided a cautious 2026 profit outlook between €2.0 billion and €2.5 billion, its stock has surged over 45% in the past twelve months. Investors are increasingly treating Nokia as a derivative play on Nvidia's dominance, as the demand for AI-driven data center networking continues to outpace traditional telecommunications growth.

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