Nokia is trading at $9.30 (4.4% down) as investors reassess valuation despite the company raising its 2026 profit target and reporting strong Q2 results focused on AI and cloud.
- Revenue increased 8% year-over-year, driven by AI and cloud-related sales more than doubling during the quarter.
- The stock continues to experience volatility following the July 23 earnings release as the market weighs the updated long-term guidance against current valuation.