Why Nokia Stock Is Skyrocketing Today

By Keith Noonan – Apr 13, 2026 at 2:19PM ESTKey PointsNokia stock is roaring higher today following bullish coverage from Bank of America. Bank of America thinks that Nokia's optical networks segment will rack up big wins thanks to AI-related demand. Investors are betting that Nokia will score big wins in conjunction with expansion initiatives among cloud hyperscalers. Nokia (NOK +8.62%) stock is bounding higher in Monday's trading. The tech company's share price was up 9.1% as of 2:15 p.m. ET and had been up as much as 10.8% earlier in the session. Nokia's valuation is seeing strong gains today in conjunction with bullish analyst coverage from Bank of America and a strong demand outlook for the company's optical technologies for artificial intelligence (AI). The stock is now up roughly 60% year to date. Bank of America thinks Nokia can keep soaring Before the market opened this morning, Bank of America published new coverage on Nokia. The firm's analysts raised their rating on the stock from neutral to buy and set a one-year price target of $12.40 per share. Even with today's gains, the price target still suggests additional potential upside of roughly 20% as of this writing. Bank of America's analysts pointed to the integration of Nokia's Infinera acquisition as a core component of its bullish thesis on the stock. Thanks to the addition of Infinera's advanced optical technologies, the investment firm thinks that Nokia is in gooa d position to benefit from growing demand for next-generation network technologies used to support AI workloads. Is Nokia poised to be a big AI winner? Nokia received a surge of new attention as an AI investment play after the company announced that it had entered into a partnership with Nvidia earlier this year. Oliver Wong, Bank of America's lead analyst on Nokia stock, sees the company's optical networks segment increasing its revenue at a 17% compound annual growth rate through 2028. With the company generating more of its overall revenue from high-margin services to cloud hyperscaler customers, the business could see strong margin improvements in addition to robust sales growth. Read NextApr 2, 2026 •By Eric TrieStock Market Today, April 2: Nokia Rises on Surge in Bullish Options ActivityMar 24, 2026 •By Eric TrieStock Market Today, March 24: Nokia Rises on 5G Momentum and North American Telecom SpendingMar 21, 2026 •By James BrumleyThe Ultimate Growth Stock to Buy With $1,000 Right NowApr 13, 2026 •By Geoffrey SeilerI'm Not Buying Nvidia Right Now. These 2 Growth Stocks Are the Smarter AI Supercycle Play.Apr 13, 2026 •By David Jagielski, CPAThink Nvidia's Stock Has Peaked?

The Latest Semiconductor Forecast Might Have You Thinking TwiceApr 13, 2026 •By Billy DubersteinWhy CoreWeave Rallied on MondayAbout the AuthorKeith Noonan is a contributing writer at The Motley Fool covering technology, consumer goods, and other sectors. He holds a bachelor’s degree in English from Boston College.TMFNoonsStocks MentionedNokiaNYSE: NOK$10.28(+8.62%)+$0.82Bank of AmericaNYSE: BAC$52.95(+0.78%)+$0.41NvidiaNASDAQ: NVDA$188.32(-0.16%)-$0.31*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.