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Ericsson Equity Jumps Over 5% On Reported Nvidia Partnership

COMMUNICATIONS
  • The RTRS sources piece revealed that Nvidia is launching a custom chip design unit targeting the cloud computing and AI sectors, aiming at a $30 billion market.
  • The article later indicating Nvidia is in talks Ericsson for a “wireless chip that includes the chip designer's GPU technology”.
  • Ericsson equity jumped on the news while EUR spreads are trading mixed with their EUR 27s slightly wider but their EUR 28s close to 3bps tighter DoD.

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