Nokia is buying Infinera to play the AI boom

Infinera Corp (NASDAQ: INFN) is up 20% on Friday after Nokia Oyj disclosed plans of buying the California-based company for $2.3 billion. Shares of the telecommunications giant are roughly flat at writing. Infinera stock valued at 27% premium Nokia expects the Infinera acquisition to help strengthen its hold on the optical network space. Buying the

Source: Invezz