On September 17, Nokia Oyj rose 3.06% overnight, trading at $10.55/share, with turnover of $2.3694 million, extending gains from the prior session's 5.49% advance.
On the news front, Nokia announced that its AI-RAN technology commercialization is significantly accelerating worldwide. Major telecom operators across North America, Europe, Asia-Pacific, and the Middle East are advancing AI-RAN solutions — built on NVIDIA's Aerial RAN computing platform — from early evaluation into lab and field trial stages. Nokia stated its AI-native anyRAN software combined with NVIDIA hardware has achieved over 20% spectrum efficiency improvement. Separately, Nokia Defense signed a memorandum of understanding with UK-based C3IA to support digital transformation across UK defense operations, covering tactical communications, command and control, situational awareness, and autonomous systems.
The stock had previously plunged over 13% in a single session due to panic selling in the optical communications sector, and the current move extends a technical rebound from oversold levels. Rosenblatt recently initiated coverage with a Buy rating, while the consensus analyst price target stands at $13.10.
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