A large volume of long-dated put options has traded in Nokia stock following Nvidia, Inc.'s $1 billion stake in new NOK shares. Nokia, which makes 5G cellular equipment, will use the money for AI-related investments.

Nokia’s shares surged over 20% this week after Nvidia stock revealed a $1 billion investment forming a new alliance to develop AI-driven networking and 6G infrastructure.

NVIDIA and Nokia team to accelerate the development and deployment of next-gen 6G connectivity, adding AI native mobile networks and infrastructure.

The chipmaker has made dozens of investments in AI-related companies just this year, including its latest in Nokia.

Shares of Nokia (NASDAQ: NOK) surged 25% yesterday after Nvidia (NASDAQ: NVDA) announced a $1 billion strategic investment to accelerate AI-powered 6G infrastructure development. The stock rocketed from $6.

Nvidia announced Tuesday that it plans to invest $1 billion into Nokia as part of a major push by the company to expand in the telecom industry with a new AI platform.

Nvidia has revealed a $1 billion investment into Nokia as it looks to take a key role in furthering the development of AI-ready networks. The investment will aim to cover a wide range of projects, including 5G-Advanced and 6G networks built to cope with the massive demands brought by AI workloads.

Nokia secures a $1 billion investment from Nvidia to accelerate its transition into AI-powered networking and 6G innovation. Click to find out why NOK is a Buy.