Helsinki, May 17, 2026, 17:04 EEST
Nokia Oyj starts Monday up 8.8% from May 8 in Helsinki after last week’s holiday break, with the stock near 12 euros despite losing some ground Friday. Shares finished May 15 at 11.905 euros, off 0.13% for the day, compared to 10.945 euros the week before.
Nasdaq Helsinki is closed today. Regular hours are 10:00 a.m. to 6:25 p.m. EEST, Monday to Friday. The market was also shut on Thursday, May 14, for Ascension Day, slicing the local trading week to four days.
Nokia is now seen as more of an AI-infrastructure play in Helsinki, not only a telecom gear stock. The OMX Helsinki 25 finished Friday at 6,272.91, slipping 0.35% but still about 0.5% higher than it was on May 8.
Nokia stock is still moving mostly on April’s Q1 numbers, not anything fresh from the weekend. Back then, Nokia reported sales to AI and cloud customers up 49%, said it logged 1 billion euros in AI and cloud orders, and raised its 2026 Network Infrastructure growth goal to 12%-14%. AI and cloud means data-center and big cloud-computing demand—networks connecting servers.
Nokia CEO Justin Hotard spelled it out in the earnings release: Nokia is “investing to capture accelerating demand from AI & Cloud customers.” He added that demand has gone up since its November capital markets day. Nokia Corporation | Nokia
Cisco shares jumped 17% to a record on Thursday. The networking gear maker raised its full-year revenue outlook and upped its forecast for AI infrastructure orders to $9 billion, up from $5 billion. That drove new interest in optical, routing and data-center network suppliers.
Nokia made a management change last week, naming Emma Falck as president of Mobile Infrastructure, effective Sept. 1. Falck, who comes from Siemens, will run the business that covers radio networks and core software. On Wednesday, Hotard said networks have to be “AI-native by design” for 5G Advanced and 6G, meaning they need AI built in from the start. Nokia Corporation | Nokia
Nokia rolled out new agentic AI tools for home and broadband networks a day ago. The company described agentic AI as software that can act on tasks, not just offer answers to prompts. Nokia said it’s using knowledge gained from over 600 million broadband lines set up globally.
But risk is rising now. MarketScreener tracks 23 analysts on Nokia, putting the average target at 9.238 euros, under Friday’s close of 11.90 euros, while the average rating remains “outperform.” That difference narrows the buffer if AI orders miss, telecoms cut back, or if AI stocks see a pullback. MarketScreener
Nokia’s lineup this week looks quiet, with no major events scheduled. Its investor calendar lists July 23 as the next date to watch, when the company is set to report Q2 and first-half numbers.
Monday is all about price action, not new guidance. Investors want to see if Friday’s drop was simple profit-taking after the stock’s run, or if it’s the first real signal the AI trade has gotten out ahead of results.
