---
title: "Why Nokia Stock Is Surging On Friday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284903600.md"
description: "Nokia Oyj (NYSE: NOK) stock surged on Friday following a strategic deal with Inseego Corp (NASDAQ: INSG), which analysts view as an AI-driven growth opportunity. The Finnish telecommunications company is offloading its Fixed Wireless Access business to Inseego, while retaining an 11% stake and investing an additional $10 million. Nokia's recent earnings showed a 4% increase in net sales to $5.26 billion, with a 67% year-on-year growth in earnings per share. The stock is trading at $13.29, up 2.99% in premarket, and has gained 102% year-to-date."
datetime: "2026-05-01T13:11:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284903600.md)
  - [en](https://longbridge.com/en/news/284903600.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284903600.md)
---

# Why Nokia Stock Is Surging On Friday?

**Nokia Oyj ( NOK )** shares rose in Friday's premarket session. This follows a volatile week for the Finnish telecommunications giant.

Nasdaq futures are down 0.07% while S&P 500 futures have gained 0.22%.

## **Strategic Pivot Toward AI**

Investors are reacting to Nokia's ( NOK ) decision to offload its Fixed Wireless Access (FWA) business. **Inseego Corp ( INSG )** will acquire the unit. Nokia ( NOK ) is shifting focus to infrastructure powering the AI supercycle. The move aims to simplify its operational model.

The deal grants Nokia ( NOK ) an 11% stake in Inseego ( INSG ) through stock and warrants. Nokia ( NOK ) will also invest an additional $10 million. Both firms plan joint initiatives in 6G and wireless edge technologies.

## **Financial Growth Metrics**

Nokia's ( NOK ) recent earnings showed mixed results. Net sales reached $5.26 billion, up 4% year-over-year.

Optical Networks sales drove a 6% increase in Network Infrastructure. While missing some estimates, earnings per share grew 67% year-on-year to 6 cents.

## **Outlook For 2026**

The transaction should close in the fourth quarter of 2026. Nokia ( NOK ) maintained its 2026 operating profit outlook. It expects between $2.34 billion and $2.93 billion.

## Technical Analysis

Nokia ( NOK ) is pressing into new 52-week-high territory, trading above its prior 52-week high of $12.92. The stock is trading 28.7% above its 20-day simple moving average (SMA) and 70.3% above its 100-day SMA, a spread that points to strong short-term and intermediate trend strength at $13.13.

The relative strength index (RSI), a momentum gauge, is 81.54.

Over the last 12 months, the stock has been up 158.72%.

-   **Key Resistance**: $13.00
-   **Key Support**: $10.50

**NOK Price Action:** Nokia ( NOK ) shares were up 2.99% at $13.29 during premarket trading Friday, according to Benzinga Pro. Over the past month, NOK has gained about 63.5% versus a 9.9% rise in the S&P 500 and is up roughly 102% year-to-date compared to the index’s 4.8% gain.

_Photo via Shutterstock_

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