On August 12, Nokia Oyj rose 5.93% in pre-market trading, trading at $10.04/share, with turnover of $955,700.
On the news front, Nokia Oyj recently announced the acquisition of NXP Semiconductors' wafer fabrication facility in Arizona, with plans to convert it into an indium phosphide optical chip production line expected to begin mass production in early next year. Indium phosphide is a core material for optical interconnects in AI data centers, where the current supply-demand gap is severe. NVIDIA has previously invested $2 billion each in Lumentum and Coherent to secure long-term supply. Nokia's move successfully positions the company at a critical node in the AI optical chip supply chain.
Additionally, S&P recently upgraded Nokia's outlook to \"positive\" and confirmed its \"BBB-\" credit rating, reinforcing expectations of fundamental improvement. Within the Communication Equipment sector, Lumentum rose 6.63%, Applied Optoelectronics rose 2.57%, and Cisco rose 1.01%, indicating broader strength in optical communication names.
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