$NOK โ Nokia is rebuilding itself around the AI infrastructure cycle โ across optical networking, AI silicon, and AI-RAN.
Key highlights:
โ Q1 2026 net sales in optical networking grew 20% YoY. JPMorgan maintained an Overweight rating, pointing to AI and cloud order strength as a potential upside catalyst.
โ Launched four AI-workload-optimized DSPs at the March OFC conference, expected to lower customer TCO by up to 70%.
โ Partnering with Nvidia and other chip leaders on the AI-RAN alliance, bringing radio access networks onto AI accelerators.
Three structural shifts, one company quietly repositioning.
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