Ericsson, Nokia fall after report on Nvidia 6G push
Tue 15:08
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))
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