Why Nokia Stock’s Rally Could Continue

1 month ago 20
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Updated Aug. 6, 2021 9:15 p.m. ET / Original Aug. 6, 2021 4:30 americium ET

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Nokia is 1 of a fistful of companies that makes telecom instrumentality to enactment faster 5G technology.

Courtesy of Nokia

There aren’t galore European stocks arsenic blistery arsenic Nokia this year.

The U.S.-listed shares (ticker: NOK) of the Finnish telecom-equipment shaper person surged 60% this twelvemonth to a caller $6.28. The communicative is elemental enough—telecom operators astir the satellite are upgrading their instrumentality to enactment faster 5G technology. Nokia is 1 of a fistful of companies to marque that equipment, and a cardinal rival, Huawei, is blocked from the U.S. and a fig of different Western countries implicit national-security concerns.

The...


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