Nvidia develops 6G radio chip as data center shifts stay on track - Jefferies

Jefferies said recent reports of delayed 800V HVDC adoption and slower co-packaged optics rollouts in AI data centers do not materially alter the outlook for European semiconductor suppliers. The firm still expects strong AI power revenue growth at Infineon and sees order timing for Aixtron and STMicroelectronics broadly intact or only slightly positive. The note also highlighted Nvidia’s reported development of a GPU for 6G radio units, which Jefferies views as neutral for Nokia and Ericsson because Nvidia already entered 6G base-station hardware via a partnership with Nokia in October 2025. Overall, the article suggests the AI infrastructure transition remains on track, with the main implication being continued support for power, photonics, and telecom silicon names rather than a major negative reassessment.