Nokia's AI and Cloud Order Intake in Focus

Dow Jones

07/03

0958 GMT - 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)

(END) Dow Jones Newswires

July 03, 2026 05:58 ET (09:58 GMT)

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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. 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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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 03, 2026 05:58 ET (09:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BMPRXR70.SGD","symbol_name":"Neuberger Berman 5G Connectivity A Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2648099650","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648099650","pubTimestamp":1783072680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0958 GMT - Finnish telecom equipment maker Nokia is expected to report another quarter of strong artificial intelligence order intake, Bank of America Securities analysts write. 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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. 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