HELSINKI, June 25, 2026, 14:08 (EEST)
- Nokia shares in Helsinki climbed about 1.5%, outpacing the OMX Helsinki 25 index.
- The stock is trading roughly 20% higher than the average analyst target.
- NVIDIA’s holding in Nokia is valued at about €2.1 billion based on Thursday’s close in Helsinki.
Nokia Oyj (HEL:NOKIA) traded 1.46% higher at €12.50 in Helsinki as of 13:54 EEST. The OMX Helsinki 25 also moved up 0.70% to 6,224.98. Nokia’s market cap showed €71.84 billion on 5.74 billion shares.
Valuation grabs the market’s attention here. Nokia shares were about 20% higher than the average 12-month target of €10.425 from 22 analysts tracked by Investing.com. The consensus call is Neutral.
The equity gap comes to nearly €12 billion by Google Finance’s share figure. That’s a big number for a stock that spent this week talking up AI network software, data platforms, and defence connectivity, but kept quiet on revenue.
NVIDIA Corp (NASDAQ:NVDA) stands out here. Back in November, Nokia issued 166,389,351 new shares to NVIDIA, about 2.90% of the company. Valued at €2.08 billion based on Thursday’s Helsinki close, that’s well above the roughly €0.86 billion in equity Nokia had flagged in the deal release.
Amazon Web Services and Nokia said Wednesday they will expand their collaboration around Nokia’s Autonomous Network Fabric, planning to run it on AWS. The companies expect to offer it later this year. Oguz Sunay at Nokia said “autonomous networks have gone from far-off vision to business imperative.” Amir Rao at AWS said the move was about “speed and step-change efficiency.” Nokia Corporation | Nokia
Nokia and Databricks said Wednesday they finished a proof of concept on a unified data platform for autonomous networks. Nokia said tests included real-time performance management, with the platform running workflows on Databricks and also on an open-source stack built from Apache Flink, Kafka, and Iceberg. Sunay called the Databricks project “a big step.” Nokia Corporation | Nokia
Nokia said Thursday its defense unit will join a consortium led by the Finnish Border Guard to develop counter-drone systems for patrol vehicles and boats. The Finnish-Nordic group is planning to test the systems in 2027 and early 2028. “Reliable, secure connectivity is becoming essential,” Mikko Hautala, Nokia’s chief geopolitical and government relations officer and Nokia Defense chairman, said. Nokia Corporation | Nokia
Nokia’s stock could go either way right now. It hit €15.00 at its 52-week high, per Google Finance, and the low was €3.42. Shares remain under the early-June top but are still trading higher than they were before the AI bump.
Nokia is seeing a pickup in AI and cloud business. The company said in April that those customer sales climbed 49% in the first quarter, and it reported €1 billion in new deals. CEO Justin Hotard said Nokia was “tracking somewhat above” the middle of its full-year comparable operating profit forecast of €2.0 billion to €2.5 billion. Reuters
Timing is the question for investors. New AWS, Databricks and Finnish Border Guard announcements feed into Nokia’s AI and defence pitch, but so far none of these releases mentioned deal size.
