Communications Equipment(IN00258.US)

Ericsson announces proposed headcount reduction in Sweden | ERIC Stock News

Ericsson (NASDAQ: ERIC) has announced a proposed reduction of approximately 1,600 positions in Sweden as part of global initiatives to enhance its competitive position and improve cost efficiency. This move aims to maintain critical investments in technology and support the execution of its strategy for high-performing networks. The company has initiated negotiations with relevant trade unions and submitted a notice to the Swedish Public Employment Service. Operational efficiency initiatives will continue across the Group without separate announcements.

Ericsson Commences Negotiations to Slash Headcount in Sweden

Ericsson Commences Negotiations to Slash Headcount in Sweden

BUZZ-MS ups Nokia on AI-fuelled demand

Morgan Stanley has upgraded Nokia (NOKIA.HE) to "overweight" from "equal-weight" due to increasing AI-driven demand, despite AI & Cloud revenues currently making up only 6% of total revenues. The stock rose 1.6% following the announcement. Key factors include Nokia's partnership with NVIDIA and strong demand in optical networking. The brokerage believes Nokia's valuation does not fully reflect its AI pivot and notes favorable geopolitical trends for Western infrastructure suppliers. Among 28 analysts, 16 recommend a "strong buy" or "buy" rating.

U.S. stock market movement update: Healthcare technology stocks are active, Brand Engagement Network rises 14.14%, Greenland Tech falls 10.94%

In the past hour, the overall market in the U.S. stock market has shown significant differentiation, with technology and healthcare sectors performing particularly well. The strong rise of Brand Engagement Network has attracted market attention, with an increase of 14.14%, indicating active short-term capital. Meanwhile, Greenland Tech has faced considerable selling pressure, with a decline of 10.94%, reflecting insufficient investor confidence in the stock. Overall, funds seem to prefer technology and healthcare stocks with growth potential, and short-term enthusiasm has clearly increased. The most notable stock in the past hour is Brand Engagement Network, whose 14.14% increase not only attracted a large influx of capital but also boosted the activity of related sectors. Market sentiment is high, with short-term traders entering the market, driving stock prices up rapidly. Strong stocks include: 1. Jin Medical: up 10.48%, with recent market attention on its product line and noticeable capital inflow. 2. 3 E Network Tech: up 10.32%, driven by short-term capital enthusiasm, causing its stock price to rise rapidly, with optimistic market sentiment. 3. Alpha Tau Medical: up 10.00%, with the company's innovations in the medical field igniting investor enthusiasm and significantly increasing trading volume

Ericsson plans to lay off about 1,600 people in Sweden