JPMorgan Sees 100% Upside in Nokia as AI Orders Soar — Despite China Exit
JPMorgan keeps Overweight rating and $21 target on Nokia, citing strong AI/cloud orders and IP network gains. Company also plans major China site closures.
JPMorgan keeps Overweight rating and $21 target on Nokia, citing strong AI/cloud orders and IP network gains. Company also plans major China site closures.
Nokia shares climb after reports the FCC may ban new Chinese optical transceivers, positioning the company as a winner in the AI data-center buildout.
Nokia’s results look solid, but growth is modest. Strong AI orders and mobile gains offset weaker optical performance; investors remain cautious.
Inseego buys Nokia FWA unit to grow broadband, double revenue, and expand global reach; Nokia gets an 11% stake and partners on 6G/AI.
Nokia beat profit forecasts, boosted its AI/cloud growth outlook, and strong data center demand lifted profits and shares.
Bank of America upgraded Nokia to Buy, raising target to €10.70, citing AI-driven demand, cost cuts, and growth in optical networks.