HELSINKI, May 10, 2026, 16:03 EEST<\/p>\n
Nokia\u2019s U.S. shares climbed 3.81% Friday, snapping back after Thursday\u2019s steep drop. The Helsinki listing wasn\u2019t far behind, adding 3.79%. <\/p>\n
That shift comes on the heels of an April earnings surprise, driven by demand from artificial-intelligence and cloud clients\u2014sales to those customers jumped 49% in the first quarter. <\/p>\n
Investors are looking for proof that surging data-center demand is enough to balance out softness elsewhere in Nokia\u2019s legacy telecom equipment segment. <\/p>\n
Nokia Oyj shares bounced back Friday in both New York and Helsinki, snapping a two-day slide as buyers stepped in. The Finnish network-equipment maker\u2019s American depositary receipts ended the session at $12.82. <\/p>\n
Nokia\u2019s shift is drawing attention\u2014it\u2019s not just seen as an old telecom player anymore, but as one of Europe\u2019s notable artificial-intelligence infrastructure bets. The firm is pushing to get more of its optical and IP networking hardware into the hands of hyperscalers, those big cloud service outfits racing to expand AI data centers. <\/p>\n
No smooth rebound here. Nokia\u2019s ADRs dropped 6.37% Thursday, marking a second consecutive slide. Friday\u2019s gain snapped the skid, but shares still closed short of their $13.98 peak from May 5. <\/p>\n
Nokia finished Friday in Helsinki at 10.945 euros, climbing 3.79% after tumbling 7.05% the previous session. Volume remained brisk, suggesting investors are still probing just how much of the AI rally is baked in. <\/p>\n
Nokia posted a 54% jump in first-quarter comparable operating profit last month, landing at 281 million euros and topping the 250 million euro analyst consensus from Infront. Comparable net sales hit 4.5 billion euros. Sales to AI and cloud clients surged 49%, with orders from that group touching 1 billion euros. <\/p>\n