Helsinki, May 24, 2026, 16:04 (EEST)
Nokia Oyj starts the week with its shares in Helsinki at a 52-week high, after a strong rally on Friday. Traders now face the question whether the market’s artificial intelligence trade will keep boosting a name that’s been linked to slow telecom spending.
The shares ended Friday at 13.255 euros, climbing 9.55% for the session. That move, along with gains on Wednesday and Thursday, erased losses from earlier in the week. On the week, the stock was up about 11.3% versus last Friday’s close. Friday’s volume was 18.32 million shares, Investing.com data showed.
Helsinki is shut for the weekend, so Friday’s close is the last live number traders have until trading starts again on Monday. Nasdaq Helsinki’s regular hours are Monday through Friday, 10:00 a.m. to 6:25 p.m. EEST.
The OMX Helsinki 25 ended Friday at 6,490.95, up 1.30%, according to Nasdaq index data. The move supported gains in the local benchmark, which tracks the 25 most traded Helsinki stocks.
Nokia’s U.S. ADR moved higher Friday, up 9.10% to $15.47 and hitting a fresh 52-week high, MarketWatch reported. About 126.4 million shares traded, above the 50-day average of 93.1 million.
Nokia’s move this week wasn’t about earnings. The company said on May 21 it opened an AI Networking Innovation Lab in Sunnyvale, California, listing AMD, Keysight, Lenovo, Nscale, Supermicro and Weka as initial tech partners. The lab will test data-centre networks for large-scale AI training and real-time inference, speeding up live AI workflows.
Nokia’s first-quarter numbers came out in April. The company posted a comparable operating profit of 281 million euros, topping the 250 million euro forecast from Infront-polled analysts. Sales to AI and cloud customers jumped 49%, and Nokia landed 1 billion euros in orders from that segment, Reuters said.
Nokia CEO Justin Hotard said in the company’s Q1 update that Nokia is “investing to capture accelerating demand” coming from AI and cloud clients. Hotard also said Nokia is tracking a bit above the midpoint for its full-year comparable operating profit range of 2.0 billion to 2.5 billion euros. Nokia Corporation | Nokia
Nokia’s peer group is changing as the story develops. Ericsson stays a benchmark for mobile networks, but this latest rally is focused on optical and data-center networking. Here, investors are looking at names like Ciena, Arista, and Cisco. Reuters reported that Nokia became a top global maker of optical transport systems after it acquired U.S.-based Infinera.
But Nokia is pointing out plenty of risks. The company talks about heavy competition, possible changes to network investment by customers, and higher costs for parts or chips. There’s also the supply chain and wider macro uncertainty. If AI data-center spending cools or Nokia can’t convert orders to revenue, Friday’s move could unwind fast and look more like a short squeeze than a new baseline.
Helsinki is set to give the initial read on Monday, but Nokia’s U.S. ADR won’t trade then—U.S. equity markets are closed for Memorial Day. That bumps some price discovery for U.S. investors to Tuesday.
Nokia has no earnings out next week. The company’s next big date is July 23 for its Q2 and first-half 2026 results. Third-quarter numbers are due Oct. 22.
