Nokia Oyj (OMXHEX:NOKIA) is benefiting from AI and cloud-driven data‑center demand—BofA forecasts Q2 AI orders at or above €1B and higher EBIT after portfolio cuts—while winning an optical upgrade with Orange Belgium for 5G, AI loads and quantum‑resilient security as FMR’s stake falls below 5%.
Previous Week Recap
- Nokia AI Driven Orders Forecast: Nokia (NOKIA) traders: Bank of America sees AI and cloud-driven data-center switch and optical orders, forecasts Q2 AI orders ≥ Q1 €1B, expects higher EBIT from portfolio cuts; shares €11.01 (+2.1%).
- Nokia Upgrades Orange Belgium Network: Nokia won a contract to upgrade Orange Belgium’s optical network, supplying optical transport gear to boost capacity, support 5G, add quantum‑resilient security, and handle higher AI compute loads.
- FMR Stake Drops Below 5%: Regulatory filing: as of June 29, 2026 FMR LLC’s indirect voting stake in Nokia Oyj (NOKIA) dropped below 5% of 5,742,239,696 total shares and voting rights.
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