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Why Nokia is suddenly on everyone’s radar
Nokia woke up and remembered it’s not just a phone nostalgia brand. The stock ripped on Tuesday after the company kept leaning hard into AI infrastructure, and now Wednesday’s pullback looks more like a pause button than a panic button.
The headline driver: Nokia launched an AI Networking Innovation Lab aimed at building next-gen, AI-native data center networking gear. And it didn’t go solo — the partner lineup reads like a who’s-who of the tech supply chain, with AMD, Keysight, Lenovo, Super Micro Computer, WEKA, Everpure, and Nscale all in the mix. In other words, Nokia is trying to insert itself into the plumbing of the AI boom, where the money is often less glamorous but very real.
The FCC bit matters too
On top of the AI hype, Nokia said it secured FCC approval for its in-home broadband devices, which means U.S. deployments can keep moving without disruption. That may not sound sexy, but for telecom gear, “no disruption” is basically investor code for “please do not break the rollout.”
Why traders are still squinting at the chart
The stock has gotten a little frothy, which is what happens when a rally turns into a full-blown victory lap. RSI is sitting in overheated territory, and NOK is still trading way above its long-term moving averages. Translation: the trend is strong, but so is the temptation for traders to cash out and let the stock catch its breath.
Meanwhile, the article also name-checks Nvidia’s $1.86 billion stake in Coherent as a broader tailwind for optical and AI networking names. That’s not Nokia-specific news, but it does help explain why the market is suddenly treating networking gear like the cool kid at the AI lunch table.
Big picture: Nokia is trying to reinvent itself as an AI infrastructure player, and the market is finally paying attention. The question now is whether this is the start of a durable rerating — or just another hype cycle with better hardware.