Market Performance of Nokia and IBM
Investors who lost faith in Nokia, BlackBerry, Ericsson, or Cisco Systems missed their recent rally. Nokia's stock surged over 60% from its 52-week low, with a 9.7% increase last week following its quarterly report.
Nokia is now being viewed as an AI and cloud services supplier by stock markets. In Q3, its network infrastructure segment saw an 11% growth in net sales, with Optical Networks increasing by 19% due to AI and Cloud customers, as stated by CEO Justin Hotard.
According to CEO Justin Hotard, AI and Cloud customers contributed to the growth of Optical Networks.
- Network forecasts indicate that venture fund investments will add EUR 0.1 billion to operating profit.
- The full-year profit forecast is between EUR 1.7 billion and 2.2 billion.
Meanwhile, IBM's stock slipped towards its 50-day moving average but jumped 9.31% on Oct. 24 to a new 52-week high of $307.46. In Q3, IBM achieved a 7% revenue growth rate, with CEO Arvind Krishna stating that clients turned to IBM as a trusted partner for embedded AI and infrastructure.
Author's summary: Nokia and IBM show promising growth in AI and cloud services.
More News
- NYT Connections Hints and Answers for October 29, 2025
- Etsy Stock Falls 9% As CEO Steps Down
- Today’s NYT Strands Hints and Answers for October 29, 2025 (Puzzle #605)
- ‘Like It Was Yesterday’: The 1985 Villanova Football Team Reunited For Its 40th Anniversary
- European Parliament weighs banning Russian media from its networks
- Ukraine’s recovery starts with its people
- How to Set Up TikTok Shop for Small Businesses Safely
- Sweetspire Coffee and Bakery Aspires to Excellence in Williamsport, PA
- Amanda-Clearcreek Takes Precautionary Measures After Written Threat Discovered - Scioto Post
- NVIDIA Stock Soars 3.6% as Company Edges Closer to $5 Trillion Valuation