Nokia stock is showing upward bias. Where are NOK shares going?
What’s Driving Nokia’s AI Infrastructure Narrative?Nokia's AI-infrastructure narrative remains the core driver after the company launched an AI Networking Innovation Lab aimed at "AI-native" data center networking for large-scale training and real-time inference. The company has also pointed to FCC approval for its in-home broadband devices, which it says helps keep U.S. deployments without disruption.Nokia's rally has also been riding the AI optics theme after Nvidia disclosed a $1.86 billion stake in Coherent, about 7.8 million shares, putting a spotlight on optical networking as a potential next bottleneck for AI scale-out. That matters for Nokia because it sells the IP and optical gear that connects dense compute clusters.Nokia also got a sentiment nudge after a high-profile TV callout tied the move directly to its AI push and "6G AI," with the comment that "people who are very smart tell me to buy it." That kind of attention can amplify momentum trading in a name that's already extended, even if it doesn't change fundamentals overnight.Nokia Stock: Key Levels To WatchThe bigger picture is still an uptrend: Nokia is up 185.61% over the past 12 months and is trading 8.8% above its 20-day SMA ($13.97) and 105.2% above its 200-day SMA ($7.41). That kind of distance from longer-term averages often raises the odds of choppy, two-way trade as buyers and sellers fight over "how much is already priced in."Trend structure remains constructive, with the 20-day SMA above the 50-day SMA and a golden cross in October 2025 (50-day SMA above the 200-day SMA) still in place. Momentum also leans supportive: MACD is above its signal line and the histogram is positive, which in plain English suggests downside pressure is easing versus the prior downswing even if price action stalls near the highs.
