Nokia (NOK) Stock Surges 6% as Cramer Declares It ‘A Winner’ Following Stellar Q1 Results
Nokia shares surged 6% to $13.65 after the company reported a 4% year-over-year increase in first-quarter revenue, with AI and cloud segment revenue rising 49%. The company also announced a transfer of its Fixed Wireless Access unit to Inseego while maintaining an equity stake.
Nokia shares jumped 6% to $13.65 after the company reported a 4% year-over-year increase in first-quarter revenue. The AI and cloud segment revenue soared 49%, driven by accelerating capital deployment by hyperscale cloud providers and surging enterprise AI computing demands. Arete Research upgraded Nokia to 'buy' from 'neutral', while Morgan Stanley maintained its 'overweight' stance. Nokia secured approximately €1 billion in AI-related contracts and announced plans to transfer its Fixed Wireless Access CPE operations to Inseego, acquiring an equity position in the company. The transaction allows Nokia to exit a lower-margin hardware category while maintaining FWA market participation. Nokia also increased its quarterly dividend payment to $0.0468, up from $0.04, with an annualized yield near 1.5%.
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