On September 15, Nokia Oyj rose 3.06% in regular trading, trading at $9.945/share, with turnover of $94.40 million. The stock staged a technical rebound following a single-day plunge of over 13% in the prior session, triggered by panic selling across the optical communication sector after three major AI companies jointly called for slowing frontier model development.
On the business front, Nokia announced a partnership with Telxius to deploy 800G optical transmission technology across terrestrial networks in Europe, the US, and Latin America, targeting growing connectivity demands from cloud computing, AI, and data centers. Additionally, Spain's largest internet exchange point, ESpanix, has officially deployed Nokia's AI-driven Deepfield Defender cybersecurity solution to protect its exchange platform from DDoS attacks.
Institutional sentiment also turned supportive. Rosenblatt initiated coverage of Nokia with a Buy rating, while JPMorgan analyst Sandeep Deshpande maintained a Buy rating with a $21 price target. Meanwhile, options market activity on September 15 showed a distinctly bullish bias, highlighted by a $248,900 far-dated out-of-the-money call purchase and multiple bull call spread structures.
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