BUZZ-Ericsson, Nokia fall after report on Nvidia 6G push
NVIDIA Corporation
NVIDIA Corporation NVDA | 0.00 |
** 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
