Nokia Shares End Week Higher as Focus Turns to AI Order Realization
Nokia closed Friday at €8.156, up 2.5% for the week, after swings following the Zankore announcement. The company estimates AI order conversion over the next 12 months at about €1.4 billion, backed by €2.8 billion in AI and cloud contracts in Q2 and guidance implying similar revenue. Infrastructure sales rose, while restructuring expenses still pressured profit; Q3 sales are forecast to rise 3–7%.