Why Nokia Stock Is Surging On Friday?
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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.
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