Nokia (NOK) Stock Soars on $1B Nvidia Deal & Massive 5G Contract Wins
Earnings Beat Fuels the Rally Nokia’s October 23 earnings release was the initial catalyst. The Finnish equipment maker reported Q3 revenue of €4.83 billion, +12% year-on-year, well ahead of the ~€4.6B Street estimate reuters.com. Network Infrastructure and Cloud & Network Services both grew solidly, as hyperscaler/cloud customers accounted for ~6% of sales reuters.com. Comparable operating profit of €435 million far exceeded analysts’ ~€342 M estimate reuters.com. Management noted that cloud and AI data-center demand helped optical sales jump 19% in constant currency. Nokia raised its full-year operating-profit outlook to €1.7–2.2 billion (from up to €2.1B) reuters.com. CEO Justin Hotard highlighted the momentum, telling reporters