Overview
- Nokia stock reached its highest level since 2010 after Q1 results showed 49% growth in AI and cloud revenue and more than €1 billion in new orders.
- Nokia formed a regional alliance with Blaize and PT Datacomm to deploy hybrid AI inference across Indonesia and Southeast Asia using edge AI chips and Nokia networking.
- Management said the Infinera acquisition is integrating ahead of schedule as Optical Networks revenue grew about 20% in the quarter.
- Nvidia disclosed a $1 billion stake in Nokia alongside a commercial relationship that ties Nokia more closely to hyperscale data center builds.
- Trading data point to strong momentum with the RSI above 70 and shares far above key moving averages, which can increase the risk of short-term pullbacks.