Nokia Stock Surges 8.7% as AI Technology Orders Reach 6.3 Times Quarterly Revenue

Why Is Nokia Stock Surging on Thursday? - Nokia (NYSE:NOK)

Investors actively re-evaluated the company beyond its traditional telecommunications focus, pricing it as a key beneficiary of the AI expansion. * Look at how Nokia shares are advancing steadily. Broader markets supported the momentum, with the Nasdaq is up 1.23% while the S&P 500 has gained 0.60%. Second-Quarter Earnings Beat Expansion in AI Infrastructure Nokia's AI and Cloud segment revenue more than doubled, rising 103% to represent 9.3% of total sales. The company secured 2.8 billion euros in new AI and cloud orders, highlighting growing demand for network infrastructure supporting AI data centers. Nokia Stock: Key Technical Levels to Watch Nokia is trading 11.5% above its 20-day SMA and 14.6% above its 200-day SMA, which keeps the longer-term trend constructive even after the summer volatility. At the same time, it's trading 9.8% below its 50-day SMA and 9.1% below its 100-day SMA, a sign the intermediate trend still needs repair before the stock can credibly re-attack prior highs. RSI is the cleaner momentum read right now: at 52.18, it's back in neutral territory, suggesting the stock isn't stretched and has room to move either way depending on follow-through. The moving-average structure is mixed: the 20-day SMA remains below the 50-day SMA (a bearish near-term alignment), but the 50-day SMA is still above the 200-day SMA, reflecting the golden cross that formed in October 2025. NOK Stock Price Activity: Nokia shares were up 2.81% at $10.63 at the time of publication on Thursday, according to Benzinga Pro data. Photo via Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Why is Nokia stock surging today? By Investing.com

Investing.com -- Nokia Corp ADR stock surged 8.7% in morning trading today, reaching $10.27, after the company highlighted that its AI technology orders have grown to 6.3 times its quarterly AI and Cloud segment revenue, underscoring the extraordinary scale of demand accumulating in its AI networking pipeline. The disclosure reframed Nokia's AI and Cloud order intake of €2.8 billion -- first reported at Q2 earnings on July 23 -- as a structural demand signal rather than a one-quarter event, prompting a fresh wave of buying. Supporting the move, Bank of America had already lifted its Nokia price target to $18.50 from $18 and reiterated a Buy rating following Q2 results, while SEB Equities upgraded the stock to Buy from Hold, both citing the AI and cloud order surge as evidence of durable growth. A reported U.S. FCC initiative to restrict new Chinese optical transceivers added a regulatory tailwind, with traders pricing in demand shifting toward non-Chinese suppliers such as Nokia. CEO Justin Hotard's characterization that "demand remains strong, while supply continues to be the main industry constraint" reinforced the bullish thesis. The broader market environment was constructive, with the S&P 500 gaining +0.3% and the NASDAQ adding +0.6%, providing a favorable backdrop for technology-adjacent names. Nokia's key competitor Ericsson reported a 6% decline in group sales during Q2 and flagged rising memory-chip costs as a margin risk, making Nokia's AI order momentum appear comparatively stronger and helping draw incremental capital toward the Finnish vendor. Taken together, the re-emergence of Nokia's AI order-backlog ratio as a market narrative, layered on top of recent analyst upgrades, a supportive regulatory backdrop, and a gently rising broader market, combined to produce today's sharp rally -- pushing the stock from a prior close of $9.44 to an intraday high of $10.50. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.