Nokia stock is surging to new heights today. What’s behind NOK gains?
What Is Driving Nokia’s Stock Growth?Nokia in late July reported beat-and-raise second-quarter results topped with strong demand for AI data center products, though its stock edged lower in premarket trading. Net sales rose 8% year-over-year to 4.82 billion euros ($5.60 billion), slightly exceeding consensus estimates, while adjusted earnings reached 8 cents per share (vs. 7 cents expected).Growth was fueled by a 12% rise in Network Infrastructure revenue, driven by Optical Networks (+19%) and IP Networks (+15%), along with a 6% increase in Mobile Infrastructure sales.To support its AI expansion, Nokia agreed to acquire an NXP Semiconductors chip fabrication campus in Chandler, Arizona, to produce optical components for AI data center chips starting in 2027. Additionally, Nokia is partnering with NVIDIA on AI-driven networking technology to double wireless data transmission efficiency.Nokia Stock: Critical Levels To WatchFrom a longer-term trend view, the stock is still in "repair mode" after the July breakdown: it’s trading 3.4% below the 20-day SMA ($10.32) and 21.7% below the 50-day SMA ($12.73), which tells you the intermediate trend remains pressured despite today’s pop. The more constructive piece is the longer baseline—shares are 8.3% above the 200-day SMA ($9.21), so the bigger uptrend from the past year hasn’t fully cracked.Momentum is improving: MACD is above its signal line with a positive histogram, which typically signals that downside pressure is easing and buyers are starting to regain control. That said, the 20-day SMA sitting below the 50-day SMA keeps a bearish crossover in place, so bulls generally want to see follow-through that starts reclaiming those shorter averages rather than a one-day spike.
