By Adam Spatacco
Publication Date: 2026-04-15 18:25:00
Most investors chasing the artificial intelligence (AI) theme have made Nvidia (NVDA +1.31%) a cornerstone of their portfolio. The savviest investors have complemented mainstream big tech players with Marvell Technology (MRVL +0.45%) given the company’s role in high-speed data center fabrics.
While market-beating gains have already been generated from the Nvidia-Marvell combination, a quieter beneficiary is emerging at the edge of the AI network. Enter Nokia (NOK 3.48%), a long-dismissed telecom equipment manufacturer whose stock barely twitched until recently.
Below, I’ll break down why Nokia stands to capture outsized gains from the same AI infrastructure supercycle supporting Nvidia and Marvell.
Image source: Nvidia.
NVLink Fusion powers the AI core that Nokia serves at the edge
A few weeks ago, Nvidia announced that it was investing $2 billion into Marvell as part of a broader strategic partnership. The relationship with Marvell highlights Nvidia’s commitment to bringing ultralow-latency, high-bandwidth interconnects inside AI clusters featuring its graphics processing units (GPUs).
The company’s NVLink Fusion ecosystem allows data centers to move workloads faster and more efficiently across hundreds of thousands of GPUs — accelerating the training and inference demands that support generative and agentic AI applications.
This infrastructure is vital for scaling models like ChatGPT and Claude, both of which experience heavy utilization from mobile devices. As…
