Nokia Stock Price Today: Shares Bounce, but AI Bet Still Needs Proof

23 March 2026

NEW YORK, March 23, 2026, 17:36 EDT

Nokia’s U.S.-listed shares were last up about 1% at $8.06 on Monday, clawing back some ground as Wall Street rebounded and oil prices fell after Washington signaled a pause in planned strikes on Iranian power plants.

The move matters because the stock is coming off a rough patch. Nokia fell 3.86% on Friday, its fourth straight daily loss, and ended that session 9.52% below the $8.82 52-week high it touched on March 16.

But the AI story still sits on a less forgiving base. In January, Nokia forecast 2026 operating profit of 2 billion to 2.5 billion euros after saying tariffs and a weaker dollar had hit margins, a reminder that execution and older telecom demand can still trip up the stock.

The company has kept pushing the growth case. On March 16, Nokia launched a new suite of fiber-networking products for AI-era networks, and David Heard, president of network infrastructure, called the market a “critical inflection point,” while Cignal AI analyst Kyle Hollasch said demand was “unprecedented.” Nokia Corporation | Nokia

Earlier this month, Nokia expanded AI-related network partnerships with TIM Brasil and Deutsche Telekom, underscoring the spending race that is also lifting rival Ericsson and other telecom gear makers chasing AI-linked network upgrades.

Monday’s gain was not unique to Nokia. Ericsson’s U.S.-listed shares were up about 1.1%, while European equities reversed earlier losses, suggesting part of the bid was a wider risk rebound rather than a fresh Nokia-specific catalyst.

The next hard tests are close. Nokia has scheduled its annual meeting for April 9 and first-quarter results for April 23, while the board has proposed up to 14 euro cents a share in dividend for 2025; advance voting for the AGM runs until March 30.

That is why traders keep circling back to the AI angle. Nokia pitched its $2.3 billion purchase of Infinera as a way to deepen its exposure to data centers and leapfrog Ciena into the No. 2 spot in optical networking behind Huawei.

For now, Monday’s uptick looks more like breathing room than a verdict. The stock has bounced, but the market still wants proof that newer AI and network-infrastructure businesses can outrun the drag from the older telecom cycle.

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Khadija Saeed is a financial markets reporter at TS2.tech. Her coverage ranges from stocks and technology to emerging industries and developments across global markets. She studied economics and finance at the London School of Economics and worked in market research before becoming a financial journalist. Follow Khadija Saeed on Google News.

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