Agreed. There are all kinds of games being played around the entire sector. And these games are what make the money. Nokia is in a good position. Personally, I am quite confident in the long run and will let the share prices live their own lives.
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So where is the LightReading reporting on this and the below article?
https://www.nokia.com/newsroom/nokia-launches-agentic-ai-for-home-and-broadband-networks/
Nowadays they are very selective it seems. Especially when you take into consideration what they report about Ericsson and the lamenting of Chinese vendors being struck out. Instead it seems they are more willing to paint doom and gloom stories than to portray true technological innovation!
https://www.lightreading.com/5g/vodafonethree-shrank-workforce-as-it-leaned-into-ericsson-and-nokia
If we were to compare the recent Nokia breakthroughs directly with the more recent Ericsson https://www.lightreading.com/ai-machine-learning/at-t-t-mobile-show-ai-in-ran-with-ericsson-sans-gpus and consider the potential future impactfulness of each, would you even consider this rag to be serious anymore…
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During the period preceding the rise, at least @Lexus and @Mustathmir were encouraging people to buy, and now we’ve seen that it paid off. Those who dare to complain are just the ones who were late to the party. 
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The rise has just begun if you are working from a “hyperscaler” and supercycle" assumption base. The datacenter buildout is only maybe 50% complete, if that. After that there’s the edge (AI grid) phase buildout. On top on that there is possibly a decent defence foothold developing in the US and possibly for NATO also. Personally I’m looking forward to Q2, no complaints here, just a few gripes with crapy media coverage. Maybe there’s some paid for bias going on, who knows. Certainly seems like it, after all Ericsson did pay $ at Trump’s inauguration, like all the other bootlickers, they have form!
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Thank you, but just to clarify, I have never encouraged anyone to buy Nokia. On the contrary, I was very critical for a long time, especially regarding the performance of Mobile Networks, and my thoughts were even quoted in Light Reading last August. The previous management did not make Nokia flourish, but they still made important strategic decisions, the most significant of which was identifying the data center opportunity and the related Infinera acquisition, as well as enabling a management change in a situation where Nokia needed a new kind of expertise for its next phase. The current management has the expertise, experience, and networks required for the AI super-cycle.
In my opinion, Nokia’s direction only began to look convincing toward the end of 2025. The strategic outlines clarified to investors by the new management during last November’s Capital Markets Day showed that Nokia is not just being fine-tuned, but that the goal is a broader transformation. Examples of this include the merging of Mobile Networks, CNS, and the patent business into MI, the deepening cooperation with NVIDIA, significant additional investments in NI’s R&D, and the recruitment of experienced top talent from the USA for key positions. Results are already starting to show, particularly through growth in optical networks and a strong increase in AI and cloud orders.
The recent share price recoil hasn’t caused me concern because Nokia’s direction remains convincing. In fact, since last autumn, I have lightened my shockingly Nokia-weighted holdings by only about five percent, mainly due to cash needs, because I believe the investment thesis is on a firmer footing than at any point during my Nokia ownership since 2012.
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I’ll second that view! There’s so much happening with Nokia nowadays, that it would be unwise to assume the recent rise as any sort of pinnacle. Onwards and upwards and thank you for sharing your highly valid and incisive views! I’ve been investing myself in Nokia since 2016 and have been waiting for this kind of moment!
Also a little comment regarding LightReading…
I’m not surprised they wanted to listen to your negativity one bit!
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There is a fairly large article in HS (Helsingin Sanomat) today regarding Nokia’s connections to Israel and the issues within the defense equipment industry in general. At a quick glance, I don’t think there was anything particularly dramatic in it. The media has the right to investigate, and that is a good thing. The article is likely behind a paywall: Nokia vie laitteita Israeliin, sponsoroi asevoimien messuja ja vaikenee | HS.fi
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ACQUISITION
Aggregated transactions
Volume: 44,682 Average Price: 15.8117 USD
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Victoria Hanrahan, who started in her role on June 16, 2025, was possibly Hotard’s first recruitment, and given her role, she should be very well-informed about Nokia’s current dynamics.
Victoria Hanrahan
Chief of Staff to the CEO
b. 1988
As Chief of Staff to the CEO, Victoria’s role focuses on leading strategic and operational business initiatives, such as improving operations and coordination across the organization. Victoria is a dynamic leader with a passion for enabling organizational growth through collaboration and performance enhancement.
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It’s going to double, and the market isn’t pricing it in because it’s still unfolding. There’s no point in showing your hand before the table is set.
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In KL, a user under the handle 2X.XX posted the following regarding Friday’s volume and price action:
Nokia’s exceptional closing auction and the sharp price drop to 12.49 euros are due to international index fund portfolio rebalancing (MSCI Index Rebalancing), which took place on Friday, May 29, 2026. [1]
This is a mechanical, purely index-technical phenomenon unrelated to Nokia’s business operations. [1, 2]Why was there massive volume in the closing auction?
MSCI Index Changes: The world’s largest index provider, MSCI, implemented its May 2026 index review, and all portfolio changes took effect at the market close on May 29, 2026. [1, 2]
Forced Selling by Passive Funds: Global index funds (such as the iShares MSCI Finland ETF) follow indices slavishly. Because Nokia’s share price had risen by up to 150% earlier in the year following the AI and Nvidia partnership, its weight in the market and indices had grown too large. [1, 2, 3, 4]
Precise Timing: Index funds are forced to execute their sales according to the portfolio model as close as possible to the day’s official closing price. Therefore, they rolled over sell orders for millions of shares into the final 5 minutes of trading—the closing auction—which multiplied the volume manifold. [1, 2, 3]
Why did the price drop below 12.50 euros?
Large Liquidity Deficit: When a massive number of international institutional investors sell a stock at the same minute, there are not enough regular buyers in the market to absorb this supply.
Price Flexibility (Discounting): To ensure all shares sold by index funds were traded within the short window of the closing auction, the price had to adjust downwards. This pushed the price below technical support levels (such as the psychological 12.50 euro barrier) to 12.49 euros.
Arbitrage and Robot Trading: The dip in price was due to the “discount” demanded by buyers (such as hedge funds and market makers), for which they agreed to buy the shares dumped by index funds onto the market in seconds.
In such index changes, the price often corrects back to its normal level during the following trading days once the mechanical selling pressure subsides.
Regarding this, @Voiceman, mark this in your calendar 
then we just need to find the right crystal ball to know which way the price will go:
If Nokia remains at these market cap levels, I would personally start marking these in the calendar:
-
MSCI February Review
-
MSCI May Review
-
MSCI August Review
-
MSCI November Review
as well as their effective dates.
-
FTSE Russell rebalances.
-
STOXX rebalances (coming in September).
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Yep, smelled a bit like that. If only one knew about these in advance 
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SoftBank and Nokia do have close ties, after all…
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This could certainly play into Nokia’s hands. The connection between Softbank and Nokia is quite tight. But the scale of these investments is massive. And they are being made all over the place right now.
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HPE’s 30% Growth in Router Orders Bodes Well for Nokia’s Hyperscale Sales
Like Dell last week, HPE reported earnings that significantly exceeded expectations, driven primarily by AI-related infrastructure demand. For Nokia investors, one particularly interesting detail was that HPE reported a nearly 30% increase in router business orders, with growth driven by connectivity investments between large cloud service providers’ data centers.
HPE/Juniper and Nokia compete partly in the same router markets, so HPE’s strong order growth, record order backlog, and positive outlook suggest that market demand is very robust.
Nokia, for its part, recently announced design wins for IP routing solutions with hyperscale customers, and Justin Hotard stated in the Q1 earnings call that he expects these wins to start reflecting in orders during Q2. This is yet another indication that the tailwind from the AI boom may soon extend beyond Nokia’s Optical Networks business to include IP Networks as well.
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I never would have believed I’d see the day when Nokia’s market cap rising by four billion euros—or about 80 cents per share—in a single day no longer triggers any reaction on the forum. Not even “Nokia coffees” are mentioned anymore, as everyone has grown so accustomed to the rally. Or perhaps people have already managed to empty their portfolios of Nokia shares 
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Softbank’s 75 billion data center investments in France highlight interesting perspectives on Nokia’s position in building European AI infrastructure. In June, the EU is set to announce the new Cloud and AI Development Act (CAIDA). It takes the cybersecurity and data sovereignty requirements of the current NIS2 directive and the AI Act even further:
- NIS2 mandates: “Companies must ensure that systems and subcontractors are cyber-secure.”
- AI Act requires: “Companies must prove where and how AI data is processed, without the risk of espionage from foreign states.”
- CAIDA dictates and enables: “We are building hundreds of new data centers in Europe, and to comply with NIS2 and the AI Act, you must use sovereign network solutions based on open standards and European preference.”
The U.S. Cloud Act, on the other hand, essentially gives U.S. authorities the right to demand data managed by American companies, even if it is physically located on French soil. This legislative framework transforms the European data center market from real estate investment into a geopolitical and technological struggle for independence. In this puzzle, Nokia’s position as a European anchor for network technology is perfectly cemented. In the US, Nokia competes on equal footing with Cisco, Ciena, Arista, and HPE/Juniper, but in the EU, competitors’ opportunities run up against the U.S. Cloud Act and the EU’s CAIDA. Replacing Chinese 5G networks with European ones is minor league stuff compared to this.
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well, perhaps we are looking at the HPE impact here and what Nokia puts out in the Q2 results (@jps specifically the development of the order backlog, not the earnings; that takes 12-18 months to show in revenue. At some point, the 2027 targets will also have to be raised since you can’t even close the covers of the order book with a press anymore 
). A rise of around +25% would be nice, which is what is expected for HPE today based on yesterday’s close in after-hours and pre-market. I’m still going with high risk on Nokia here: 1/3 in shares and 2/3 in bulls (of course, the share of the bull increases on days like this) The selling window does open occasionally, and I watched the 14.50 battle for a moment; there’s a bigger “bumptsi” visible there.
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I’m personally not expecting much from the Q2 results yet; the development of the order backlog will be more decisive for the short-term share price performance.
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This is relevant enough to Nokia that I’ll post it here. Huang is throwing some serious FOMO into the sector right now, and Marvell seems to be up 25% in pre-market. So there’s that—meaning Nokia is riding the wave as well.
Huang made a 2 billion investment in Marvell and is now talking up a massive rally for the stock—specifically, he’s expecting the share price to roughly fivefold.
Marvell Technology surged in value after Nvidia’s Jensen Huang talked up the company’s prospects.
Marvell Technology could be the next member of the trillion-dollar club, according to Nvidia CEO Jensen Huang.
“The next trillion-dollar company, ladies and gentlemen,” the head of the chipmaker giant said of Marvell (MRVL) during CEO Matt Murphy’s keynote speech at the annual Computex tech trade show in Taipei, Taiwan.
Shares in the semiconductor company are up more than 24% in pre-market trading, bringing its value by market capitalization to about $240 billion.
Nvidia’s Jensen Huang (left) with Marvell CEO Matt Murphy
The stock has a long way to go to reach a $1 trillion market cap: it would have to climb to $1,152, from just under $275 now.
“Useful AI has arrived,” Huang said, adding that AI agents have the capability of performing tasks with little human intervention, leading to demand “going through the roof” for Nvidia (NVDA) and Marvell.
He added that Marvell’s role in providing microchips and the necessary infrastructure to power data centers and cloud computing was the reason the company is “so essential.”
“That’s why you’re going to be the next trillion-dollar company,” Huang said to Murphy.
“We’ve got a little work to do, but we’re on our way,” Murphy replied.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
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