AI boom lifts Nokia sales, shares hit 16year high

News Source : RTE

News Summary

Comparable operating profit jumped 54% to €281m in the first quarter of 2026.
That was above the average estimate of €250m from analysts polled by Infront.
Nokia's shares rose nearly 7% in early Helsinki trading, touching their highest price since April 2010, when it was still known as a phone company.
The Finnish company, previously known for its iconic phone business and later for making 5G gear, is now one of the world's top manufacturers of optical transport systems.

Nokia has today raised the growth targets for its artificial intelligence business, after the network gear maker beat market expectations for quarterly comparable operating profit, sending its shares [+1537 chars]

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