Ericsson, Nokia fall after report on Nvidia 6G push
BUZZ-Ericsson, Nokia fall after report on Nvidia 6G push ** Ericsson ERICb.ST and Nokia NOKIA.HE fall sharply after a report flagging potential risks from Nvidia NVDA.O developing new technology for future mobile networks, say traders
** A Dagens Industri article cites an ABG Sundal Collier report saying the U.S. chip maker is developing a chip for the radio unit in 6G mobile networks, something that in the long run could be negative for the two telecom equipment companies
** Ericsson and Nokia are not immediately available to comment
** Shares down as much as 6.4% and 5.2% respectively
(Reporting by Alexander Gudbrandsen, Jakub Lubinski, Danilo Masoni)
((Danilo.Masoni@TR.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net))
Recent news on Nokia Oyj
See all newsFinland's Nokia, ICEYE to explore sovereign satellite communications for Ukraine
Brief: Iceye, Nokia Partner With Ministry Of Defence Of Ukraine To Develop Sovereign Satcom Capability
Nokia Oyj reports results for the quarter ended September 30 - Earnings Summary
Brief: Nokia Reports Q3 Adjusted EBIT Margin Of 11.7%
Nokia tops Q3 net sales expectations on AI-related demand