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Nokia (NOK) stock has been in a sharp uptrend ever since the company recorded strong financials for Q1, featuring a remarkable 49% year-on-year increase in artificial intelligence (AI) and cloud infrastructure revenue.
As investors cheered €281 million ($328.8 million) in comparable operating profit and €4.5 billion ($5.27 billion) in total net sales, NOK shares extended gains and reached a 16-year peak of over $11.