Nokia doubles in 2026 as AI boom drives shares to 17-year high

Nokia Oyj

04/05/2026 08:40

** Shares in Nokia NOKIA.HE jump 9%, taking their year-to-date gains to more than 100%, as soaring demand for AI-related infrastructure lifts the Finnish network equipment maker

** Nokia raised in April its expectations for annual sales in its network infrastructure business, which manufacturers optical transport systems used for AI data centres

** Nokia shares hit highest level since November 2008, an over 17-year high, set for a fifth consecutive winning session

** Stock is among top YTD gainers on the STOXX 600 .STOXX

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))