Nokia Stock Surges on AI Momentum and Analyst Optimism

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2026-05-02 00:18:02

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Nokia's shares rallied 6% on Friday, capping a 113% year-to-date surge as investors cheered its AI-driven growth. The Finnish telecom reported Q1 net sales up 4% YoY, with cloud and AI revenue skyrocketing 49% - a clear sign hyperscalers are betting on its infrastructure.

Arete Research's upgrade to 'buy' and Morgan Stanley's overweight rating reflect growing institutional confidence. Jim Cramer's endorsement as 'a winner' punctuates Nokia's turnaround narrative, now backed by €1 billion in AI-related orders.

The company's strategic pivot - including transferring its Fixed Wireless Access business while retaining stakes - demonstrates disciplined focus on high-growth segments. Trading volume exceeded averages as market participants positioned for Nokia's reinvention as an AI-enabling play.

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