Helsinki, June 9, 2026, 12:05 EEST
Nokia Oyj stock slipped in midday Helsinki trade Tuesday. The Finnish network equipment maker rolled out new AI-related network contracts, trying to steer investor attention toward growth outside of core telecom spending.
Nokia shares traded at 12.79 euros, off 0.66%, at 11:32 EEST, according to the company’s investor page. Investing.com later showed Nokia at 12.81 euros, compared to the previous close of 12.87 euros. The daily range was 12.575 to 12.905 euros. The OMX Helsinki 25 index was little changed, edging down 0.06%, Nasdaq data showed.
Nokia’s shares didn’t move much, which stands out since the 2026 rally has been about growth in AI network equipment sales, not just hoping for more telecom spending. Back in April, Reuters said Nokia posted its best share price since 2010 after beating first-quarter profit estimates. Sales to AI and cloud customers rose 49%, according to .
Nokia and Indosat Ooredoo Hutchison said Tuesday they’ve struck a deal to upgrade Indosat’s mobile network in Indonesia. Nokia will deliver low- and mid-band 5G radio access network gear, and about 80% of the footprint will get mid-band 5G coverage over the next three and a half years. “Connectivity, intelligence and scale,” were the priorities, CEO Justin Hotard said. Ronnie Vasishta, a telecom exec at NVIDIA, described the network as a “platform for intelligence.” Nokia Corporation | Nokia
AI-RAN is the main driver here. The tech—AI-powered radio access networking—lets mobile networks run workloads on AI gear, with processing done closer to end users. That’s shifting how Nokia stacks up against rivals. Ericsson is still Nokia’s key competitor in radio equipment. At the same time, AI data-center and optical-networking demand now puts Nokia up against Cisco and Ciena too. Reuters called out 5G upgrades for AI as an opportunity for gear makers like Nokia and Ericsson.
Nokia has rolled out Deepfield Genome Shield, a new tool to tackle DDoS attacks that try to overwhelm websites and networks with too much traffic. The company said Genome Shield goes after residential proxy botnets, which are made up of infected home devices linked for attacks, and estimated those botnets now use about 200 million devices. “The past year had fundamentally changed DDoS security,” Nokia Deepfield vice-president and general manager Jeff Smith said. Charlie Attoum, network infrastructure director at Red Dot Technologies, mentioned “carrier-grade automation.” Nokia Corporation | Nokia
U.S. trading was firm overnight. Nokia’s ADR in New York finished Monday 1.46% higher at $14.59, snapping a three-day drop but still sitting 16.39% under its June 3 52-week high of $17.45, according to MarketWatch.
European markets held their ground on Tuesday. The STOXX 600 added 0.1%. Tech stocks rose 0.9% as AI-linked names bounced back, according to Reuters.
The risks are clear. Nokia hasn’t said what the financials are for its Indosat deal or the Deepfield rollout, and new product news often takes time to show up in real results. If telecom spending slows down, competition cuts harder on price, or AI-network stocks cool, investors may push for actual booked sales instead of more talk on networks.
The stock is acting as if positive news is priced in. Investors will be watching for signs that AI-RAN trials, security automation, and data-center demand actually start to impact orders before shares lose more ground from the latest rally.
