Nokia (NOK) Stock Reaches 16-Year Peak as AI Infrastructure Drives Q1 Beat
Nokia's Q1 comparable operating profit surged 54% to €281M, exceeding Wall Street expectations, driven by 49% growth in revenue from AI and cloud infrastructure customers. The company's shares reached a 16-year peak, climbing nearly 7% during Helsinki trading.
Nokia's shares reached a 16-year high after the company reported robust Q1 results. Comparable operating profit was €281M, a 54% increase from the prior year, beating the €250M analyst consensus. Revenue from AI and cloud infrastructure customers grew 49%, with €1B in new orders. Nokia elevated its Network Infrastructure outlook to 12–14% growth and Optical+IP guidance to 18–20%. The company secured €1B in new AI and cloud contracts and updated its addressable market forecast to reflect a 27% compound annual growth rate through 2028. Northland lifted its target price to $13, and institutional investors including Calamos, Millennium, and Goldman Sachs expanded their stakes.
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