Nokia Corp. (NYSE:NOK) stock extended its upward momentum on Thursday, following previous gains as strong demand for artificial intelligence data center infrastructure and an elevated full-year profit outlook fueled investor interest.
Investors actively re-evaluated the company beyond its traditional telecommunications focus, pricing it as a key beneficiary of the AI expansion.
• Look at how Nokia shares are advancing steadily.
Broader markets supported the momentum, with the Nasdaq is up 1.23% while the S&P 500 has gained 0.60%.
Second-Quarter Earnings Beat
In late July, Nokia reported second-quarter net sales of 4.82 billion euros ($5.60 billion), representing an 8% increase year over year. Adjusted earnings reached eight cents per share, topping the consensus estimate of seven cents per share. Network Infrastructure sales grew 12%, led by a 19% gain in Optical Networks and a 15% increase in IP Networks.
Expansion in AI Infrastructure
Nokia’s AI and Cloud segment revenue more than doubled, rising 103% to represent 9.3% of total sales. The company secured 2.8 billion euros in new AI and cloud orders, highlighting growing demand for network infrastructure supporting AI data centers.
Nokia Stock: Key Technical Levels to Watch
Nokia is trading 11.5% above its 20-day SMA and 14.6% above its 200-day SMA, which keeps the longer-term trend constructive even after the summer volatility. At the same time, it’s trading 9.8% below its 50-day SMA and 9.1% below its 100-day SMA, a sign the intermediate trend still needs repair before the stock can credibly re-attack prior highs.
RSI is the cleaner momentum read right now: at 52.18, it’s back in neutral territory, suggesting the stock isn’t stretched and has room to move either way depending on follow-through.
The moving-average structure is mixed: the 20-day SMA remains below the 50-day SMA (a bearish near-term alignment), but the 50-day SMA is still above the 200-day SMA, reflecting the golden cross that formed in October 2025.
NOK Stock Price Activity: Nokia shares were up 2.81% at $10.63 at the time of publication on Thursday, according to Benzinga Pro data.
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