NOK is trading at $13.53, up 5.5% today, following a significant semiconductor sector rally driven by Intel's domestic manufacturing agreement with Apple.
- The rally stems from a May 8 announcement regarding Intel's preliminary deal to produce chips for Apple in the U.S., which has bolstered broad strength across AI-related and tech infrastructure stocks.
- Nokia’s telecom infrastructure exposure is benefiting from the positive sector sentiment, outperforming the broader market as the S&P 500 and NASDAQ post modest gains of 0.34% and 0.33%, respectively.