Overview
- Nokia shares, which jumped Wednesday, reached their highest level since 2010 after its April 23 earnings beat.
- AI and cloud revenue rose 49% in Q1 with more than €1 billion in new orders, as Optical Networks grew 20% and Infinera integration ran ahead of plan.
- Management lifted its AI and cloud market outlook to 27% annual growth through 2028 after faster demand across the supply chain.
- Nvidia’s reported $1 billion stake and commercial tie-up validated the pivot as Argus raised its rating to Buy.
- Chart indicators look stretched, so further gains likely hinge on steady orders and clean integration.