US Stock Market Movement: Nokia surged on October 23 as JPMorgan remains optimistic, driven by AI network and optical IP

Nokia’s Surge on October 23: Analysis

Keywords: JPMorgan positive outlook, AI network, optical IP

1. On October 23, JPMorgan stated that Nokia highlights strong demand for AI networks and supply bottlenecks.

2. On October 22, Nokia released its fiscal report for the third quarter of 2026: Net sales grew 9% year-on-year at constant exchange rates, with a comparable operating profit margin of 11.7%, up 220 basis points year-on-year; net sales for AI and cloud customers rose 123% year-on-year, while orders increased 118% year-on-year to 1.5 billion euros; IP network revenue grew 43%, and optical network revenue grew 18%.

3. On October 22, Nokia’s third-quarter results showed single-quarter new AI and cloud orders of 1.5 billion euros, with cumulative orders over the past 12 months reaching 4.8 billion euros (excluding orders scheduled for shipment beyond 12 months); the company expects optical and IP network revenue to grow by 25%-30% year-on-year by 2027.

4. On October 22, Nokia disclosed its collaboration with Google to support Google’s 13 billion euro investment in Finland, and together with T-Mobile and NVIDIA, completed the world’s first live AI-RAN call on an existing network.

(Disclaimer: This content is generated by AI technology summarizing public information, and is for reference only. It does not constitute investment advice.)