Nvidia has secured a $1 billion partnership to power Nokia’s AI-enabled 6G networks and will deliver 170,000 GPUs to Australian Firmus Technologies from Q1 2027 to 2028, underpinning $30 billion of partner revenue. The company also stands to benefit from OpenAI’s projected $115 billion AI infrastructure spending by 2029.
In a $1 billion agreement, Nvidia will provide AI compute infrastructure to Nokia for developing AI-enabled 6G cellular networks, marking Nvidia’s entry into next-generation telecom and strengthening its position in network infrastructure.
Nvidia will supply 170,000 GPUs to Australian AI infrastructure provider Firmus Technologies between Q1 2027 and early 2028, in a deal expected to generate up to $30 billion in combined product and cloud revenue over six years, expanding Nvidia’s cloud services footprint.
OpenAI’s commitment to spend $115 billion on AI infrastructure through 2029 positions Nvidia as a primary beneficiary, with its GPUs set to power the bulk of OpenAI’s data center build-out and reinforce its AI semiconductor dominance.
These strategic partnerships and large-scale spending forecasts underpin Nvidia’s revenue growth projections and could drive further multiple expansion as the company cements its role as the leading supplier of compute for AI across tech and telecom sectors.
Finance
