Nokia Hits 27-Year High of $16.63 on AI Networking Momentum
NOK•Nokia shares surged to a 27-year high of $16.63 as investors bet on its growing AI and cloud networking business bolstered by last year’s Infinera acquisition. The telecom equipment maker reported strong Q1 revenue growth, secured FCC approval for new broadband products, and launched partnerships with AMD and Super Micro.
1. Share Price Hits 27-Year Peak
Nokia shares climbed to $16.63, marking their highest level since 1999, driven by renewed investor confidence in the company's ability to deliver high-speed networking solutions for AI applications.
2. AI and Cloud Networking Growth
The company reported strong Q1 revenue growth in its AI and cloud networking segment, fueled by rising demand for optical transport systems following last year’s Infinera acquisition.
3. Partnerships and Regulatory Milestones
Nokia secured FCC approval for its latest broadband products and launched collaborations with AMD and Super Micro to integrate high-performance computing capabilities into its networking infrastructure.
