Nokia AI stock has surged 140% year to date, reaching a 52-week high of 15.78 in May, according to market data.
The Finnish company’s shares rose from 6.50 at the start of the year to their highest level since 2008. The rally followed Nvidia’s October 2025 investment at 6.01 per share, giving it about a 3% stake in Nokia.
The partnership focuses on AI-RAN, which combines artificial intelligence workloads with wireless network infrastructure. T-Mobile is the first deployment partner, while Nokia’s public AI-RAN customers include Deutsche Telekom, Vodafone, SoftBank and NTT Docomo.
The rally accelerated after Nokia’s fiscal first-quarter earnings. The company reported revenue of about 4.5 billion euros, up 4% year over year, while comparable operating profit rose 54% to 281 million euros.
Nokia said AI and cloud sales jumped 49% in the quarter. The company also secured 1 billion euros in cloud deals, most of which are linked to optical networking products used in AI data centres.
Read: Nokia CEO Sees AI “Supercycle,” Dismisses Bubble Concerns
Optical Networks’ revenue rose 20% in the first quarter. Chief Executive Officer Justin Hotard said cloud leaders could spend more than USD 700 billion on AI infrastructure needs.
Nokia expects infrastructure growth of 12% to 14%, while Optical and IP Networks are projected to grow
