Nokia to benefit from Nscale pact with Microsoft, says JPMorgan

JPMorgan believes Nokia (NOK) is likely to benefit from Nscale’s agreement with Microsoft (MSFT) to deploy 200,000 Nvidia (NVDA) GB300 chips across Europe and the U.S. In September, Nokia and Nscale announced a partnership aimed at accelerating the development of artificial intelligence infrastructure, with Nokia selected as Nscale’s preferred networking partner for data center deployments, the analyst tells investors in a research note. JPMorgan believes Nscale’s 200,000 Nvidia GPU deployment has the potential to enhance the outlook for Nokia’s AI data center exposure. Shares of Nokia are up 2% to $5.59 in premarket trading.