Helsinki, June 23, 2026, 02:04 EEST
Nokia shares in Helsinki climbed 4.2% to 12.28 euros Monday, while its U.S. American depositary receipts gained 7.0% to $14.43 after the company and Google Cloud said they expanded their AI network-software partnership. Nokia’s investor site showed the Helsinki price at 18:29 EET/EEST and the NYSE level at 23:10 EET/EEST.
The deal is getting more attention since investors are pushing Nokia beyond its old image as a telecom equipment firm and into the mix with AI infrastructure suppliers. Google Cloud and Nokia said they want to bring Gemini models into Nokia Assurance Center, which telecom operators use to keep tabs on network issues and catch outages. AI agents here are just software tools that can plan and do complex tasks with a few instructions from humans.
Nasdaq Helsinki closed overnight after finishing the usual Monday session. The exchange’s calendar puts June 19, not June 22, as a holiday for the Helsinki market in 2026. The OMX Helsinki 25 index added 1.4% to 6,325.50. Nokia outperformed the index by a wide gap.
The stock fell back sharply earlier this month, closing at 11.785 euros on June 18 after hitting 14.805 euros on June 3, according to Investing.com data. Monday saw 17.99 million shares traded. That’s under the big June 18 turnover, but buyers were still around after the long weekend.
Google Cloud and Nokia rolled out a new set of Gemini-powered agents they say target outages, alarms and repair lags inside carrier networks—issues that are costly and often ignored. The companies said six AI agents are slated to cover routing, event triage, picking metrics, spotting anomalies and serving up fixes.
Vivek Jaiswal, Nokia’s senior vice president for Autonomous Networks, said the AI era calls for a “programmable, AI-native” network. Sridhar Gollapudi, who leads Google Cloud’s global telco market, said agentic AI is “moving operators away from rigid templates”. The idea is that the software will adapt, not just stick to a script. Google Cloud Press Corner
There’s still plenty left to do on timing. Router and event-triage agents work now, but the SaaS rollout on Google Cloud Marketplace isn’t due until September. More agents will come out late 2026 and into 2027. Live demos are set for DTW Ignite in Copenhagen, June 23–25.
Nokia’s announcement comes as the company shifts gears. In April, Nokia said net sales to AI and cloud customers jumped 49% in the first quarter and listed 1 billion euros in AI and cloud orders. Reuters also reported that comparable operating profit—excluding some items—climbed 54% to 281 million euros, beating analyst forecasts.
Nokia CEO Justin Hotard said at the time the company was “tracking somewhat above the mid-point” in its full-year profit forecast of 2.0 billion to 2.5 billion euros. Nokia also bumped up its Network Infrastructure sales growth target for this year to 12% to 14%, helped by optical and IP networks, which carry data for telecom and cloud firms. Reuters
Ericsson is still keeping up the pressure. The company, which competes closely with Nokia in network gear, said last week its CEO Borje Ekholm plans to leave in September. Per Narvinger will take over. Narvinger said it’s a “pivotal time” for the sector, with AI pushing new demand for faster connectivity. Reuters
The rally doesn’t give much room for Nokia to slip up. Back in November, Atte Riikola at Inderes told Reuters, “Market expectations were higher” after shares jumped earlier. Paolo Pescatore at PP Foresight flagged “significant concerns surrounding AI,” as cash is going in but it’s not clear when or if it pays off. If Google Cloud rolls out late, if carriers pull back spending, or if AI and cloud orders cool off, the stock could look expensive in a hurry. Reuters
Nvidia is still the main theme here. Last year, Reuters said Nokia’s AI push aims for annual comparable operating profit of 2.7 billion to 3.2 billion euros by 2028. That plan came after Nvidia put $1 billion into Nokia for a 2.9% share.
Nokia’s next check-in for investors comes July 23, when it drops second-quarter and first-half numbers. Between now and then, the focus turns to whether Google Cloud, Nvidia, optical-network demand, and carrier automation can actually deliver earnings growth and not just lift the share price on AI buzz.
