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Source: https://www.harianbasis.co/en/nokia-stock-surges-ai-revenue-boom#google_vignette

Nokia (NOK) stock has entered a powerful upward trajectory following the release of impressive financial results for the first quarter of 2026. The company reported a significant 49% year-on-year growth in revenue specifically from artificial intelligence and cloud infrastructure.

As reported by Detik Finance, investors responded positively to the comparable operating profit of €281 million ($328.8 million) and total net sales reaching €4.5 billion ($5.27 billion). These figures propelled NOK shares to a 16-year high, surpassing the $11 mark.

Market analysts suggest that the Finnish multinational is well-positioned for further growth throughout the remainder of 2026. The stock currently trades at approximately 25x forward earnings, reflecting its successful capture of the global AI buildout.

In the first quarter alone, Nokia secured €1 billion in new AI-related orders, adding to the billions in contracts signed last year. The company has also aggressively revised its addressable market forecast for AI and cloud infrastructure.

Nokia now anticipates a compound annual growth rate of 27% through 2028 for this sector. This projection is a sharp increase from the 16% growth estimate issued just five months ago.

The bullish case for Nokia is further supported by a recently disclosed $1 billion stake from Nvidia (NVDA). Additionally, the company offers a healthy dividend yield of 1.52%, attracting long-term income investors.

During the earnings call, management confirmed that the integration of Infinera is progressing ahead of its original schedule. This synergy is expected to be a primary driver for the company's valuation in the coming months.

Nokia's Optical Networks division saw 20% growth in the first quarter, while the Network Infrastructure segment is projected to advance by 13% this year. Following these results, Argus upgraded Nokia to a "Buy" rating with a $15 price target.

Technical indicators show Nokia trading decisively above its key moving averages with a Relative Strength Index (RSI) of 68. This suggests strong continued momentum for the stock in the near term.

Wall Street maintains a consensus "Moderate Buy" rating on Nokia stock. Major institutional players, including Goldman Sachs, Calamos Advisors, and Millennium Management, remain heavily invested in the telecommunications giant.

Senior managers at Nokia (NYSE: NOK) acquire shares on Nasdaq Helsinki