Nokia Stock Jumps Again as AI Network Bet Pulls Investors Back In
Nokia shares closed up 4.1% at 11.39 euros in Helsinki on Monday, rebounding for a second session after last week’s sharp drop. The company reported first-quarter AI and cloud customer sales up 49%, with 1 billion euros in orders. CEO Justin Hotard said Nokia is tracking above the midpoint of its 2024 profit outlook. The stock has swung sharply, falling 7.1% Thursday before rising Friday and Monday.