Finnish telecom equipment maker Nokia is expected to report another quarter of strong artificial intelligence order intake, Bank of America Securities analysts write. The bank believes AI and cloud orders will be the key focus of the report. It says it believes second-quarter AI orders will be at least on par with the 1 billion euros order intake in the first quarter, given significant data-center switch orders expected, and given continued strength in optical transport demand. BofA expects second-quarter mobile infrastructure revenue to land below cloud and software services, but EBIT is expected to be above, thanks to ongoing portfolio pruning and margin improvement. It raises its price objective to 15.60 euros from 14.40 euros and reiterates its buy rating. Shares rise 2.1% to 11.01 euros. (dominic.chopping@wsj.com)