Nokia Hits 15-Year High as Q1 AI Revenue Jumps 49% and FCC Clears Devices
NOK•Nokia shares closed Friday at a more than 15-year high of $15.7, up about 139% year-to-date after Q1 AI and cloud-related revenue surged 49%. Last week the FCC granted conditional approval for Nokia’s Beacons and ONT devices, securing North American broadband deployments.
1. Stock Performance Surge
Nokia shares ended Friday’s trading at $15.7, marking a more than 15-year high and reflecting a 139% gain year-to-date as investor sentiment shifted toward AI and data-center infrastructure.
2. Q1 Financial Results
In the fiscal first quarter, Nokia’s AI and cloud-related revenue climbed 49%, driven by strong demand for AI-focused networking hardware and a pivot away from traditional telecom equipment.
3. FCC Approval Secures Deployments
The FCC’s conditional approval of Nokia’s Beacons and ONT devices ensures continued broadband rollouts in North America by exempting its routers from national security restrictions.
4. Innovation Lab, Acquisitions and Outlook
Nokia launched an AI Networking Innovation Lab in California with partners AMD and Super Micro Computer, bolstered its high-speed data business by acquiring Infinera and received a Morgan Stanley ADR target hike to $16.50 with an overweight rating.
