COPENHAGEN (Reuters) -Finland's Nokia said on Tuesday that Nvidia ( NVDA ) would make a $1 billion equity investment in the Finnish telecom equipment maker.

Nokia and Nvidia ( NVDA ) will collaborate on AI networking solutions and explore opportunities to incorporate Nokia's data-center switching and optical technologies in Nvidia's ( NVDA ) future AI infrastructure architecture, the Finnish company said in a statement.

Shares in Nokia were up 14% at 1539 GMT.