Nokia Oyj Stock Price Climbs 3% as Telecom Rally Puts AI Bet Back in Focus
Nokia shares rose 2.92% to 7.04 euros in Helsinki Tuesday, while U.S. ADRs gained 1.86%. Telecom stocks outperformed in Europe, with sector gains of 2.5%. Nokia’s AI-driven optical networking push and recent contract wins have fueled a 26% stock rise this year, but some analysts see the rally outpacing near-term results. Vietnam’s 5G contracts to Huawei and ZTE highlight ongoing competition.