Nvidia to Invest $1 Billion in Nokia
Nvidia Corp. plans to make a $1 billion equity investment in Nokia, an apparent vindication of the Finnish company’s pivot from mobile networking kit into artificial intelligence by the sector’s kingmaker
- Nokia will issue about 166 million shares to Nvidia at $6.01 a piece, giving Nvidia a 2.9% stake in the Finnish company
- Nvidia’s chips will be used to accelerate Nokia’s software for 5G and 6G networks while exploring ways to use Nokia’s data center technology in its AI infrastructure
- Nokia has been pushing into data centers — a business that’s growing thanks to the increasing demand for computing capacity from the AI boom
- CEO Justin Hotardis leading a major turnaround, emphasizing its position as the only Western alternative to Huawei Technologies for supplying the entire portfolio of communications kit, from 5G radios to fiber optic cables
Don’t Cry (yet) For Me Argentina
Argentine markets rallied following President Milei’s surprising victory in Sunday’s legislative elections – investors had greatly feared that a loss would jeopardize his free-market overhauls pushing country towards a new crisis
- Milei’s party won with 41% of the votes, well ahead of the main opposition party
- The main stock benchmark soared 23% and the peso ended the session 3.8% higher with government bonds also rising sharply across all maturities
- Argentina’s financial markets had been hit by a wave of selling since last month when prospects of a Milei defeat had become more possible
- The country had burned through it’s reserves to prop up the peso before the unusual move by the Trump administration to step in via a 20 billion USD rescue line
Copper nears Record
Copper advanced toward a record as optimism over an imminent US-China trade deal added steam to a rally driven by a slew of disruptions at some of the world’s biggest mines
- Signs of a potential US-China trade accord improve the outlook for copper consumption at a time of concerns over production setbacks from South America to Indonesia
- Over the past few months, floodingat Ivanhoe Mines Ltd.’s Kamoa-Kakula complex in the Democratic Republic of Congo, a rock blast at Codelco’s top mine in Chile and a massive fatal mudslideat Freeport McMoRan Inc.’s Grasberg mine in Indonesia propelled prices higher
- Meanwhile, demand for the metal used in wires, batteries and pipes stands to benefit from easing friction between Washington and Beijing
- The dollar’s decline this year has added further momentum to metals, making commodities priced in USD more attractive
Bohemian Rhapsody: still rocking!
“Bohemian Rhapsody”, released on 31 October 1975 (50 legendary years!), remains one of the most audacious and commercially successful singles in music history. Written by lead singer Freddie Mercury for the album A Night at the Opera, the track defied conventional pop-song structure with its multi-section format—ballad, operatic passage, hard rock finale—and no standard chorus.
- It peaked at No. 1 in the UK for nine consecutive weeks
- Certified Diamond in the United States (10 million+ units including streaming equivalents) — the first British band single to achieve this status
- Recognized as the most-streamed song originally released in the 20th century, underscoring strong digital-era monetization of legacy content
- Holds the title of the biggest-selling single of the 1970s in the UK, with sales over 2.6 million in the UK alone
Disclaimer
The information, products, data, services and instruments contained or described in this publication are for information purposes only and constitute neither an advertisement or recommendation nor an offer or solicitation to buy or sell any product.
The financial products described in this publication are not suitable for all investors. The information contained in this publication does not represent any financial, legal, tax and/or other recommendations. Any investment or other decision should not be made solely on the basis of this document. Before making any investment decision, it is recommended that you seek a thorough examination of your situation and the advice of a qualified specialist.
Although the information contained in this document has been compiled by PKB on the basis of or with reference to sources, materials and systems believed to be reliable and accurate, PKB does not guarantee its currency, accuracy or completeness.
PKB accepts no liability, to the fullest extent permitted by applicable laws and/or regulations, for loss or damage of any kind arising directly or indirectly from the content, accuracy, completeness or otherwise of the content or any third party content referred to in this publication.
The analyses and forecasts contained in this publication are based on assumptions, estimates and hypothetical models which may prove to be incorrect and therefore lead to substantially different results.