On Friday, June 12, Citi (NYSE: C) analyst Atif Malik revised his previous Advanced Micro Devices (NASDAQ: AMD) stock 12-month target while simultaneously upgrading his rating for the equity.
Specifically, following AMD shares’ latest rally – the semiconductor giant soared nearly 8% in the Thursday session – the Wall Street expert replaced his previous $460 forecast with a new $575 estimate for a 15.93% rally from $496 at press time.
Malik noted Advanced Micro Devices’ strengthening position as a GPU supplier for the artificial intelligence (AI) boom, while noting it could take the “lion’s share” of possible revenue from Meta Platforms (NASDAQ: META).
The analyst also highlighted that AMD appears to be trading as a CPU equity, providing significant room for a rally before upgrading his rating from ‘Neutral’ to ‘Buy.’
Wall Street sets AMD stock price target for next 12 months Zooming out reveals a rising bullish sentiment regarding the blue-chip chipmaker on Wall Street.
Indeed, analysts have, through most of 2026, been reassessing their previous valuation concerns, and by press time on June 12, AMD is overall considered a ‘Strong Buy’ with but a handful of remaining ‘Neutral’ ratings on the stock analysis platform TipRanks.
Despite the growing optimism, the speed of the semiconductor giant’s 2026 rally is still evident in the average 12-month price target, which still forecasts only a moderate 0.11% rally from its latest close of $488.45 to $489.
Analysts predict AMD stock price in 12 months. Source: TipRanks The most recent Wall Street AMD stock rating revisions, however, indicate that the overall forecast is set to grow higher in the near future, as RBC Capital’s Srini Pajjuri stands as an exception among his peers for issuing the singular ‘Hold’ rating since June started.
Furthermore, despite being neutral, the analyst still forecasted Advanced Micro Devices would rally 8.97% to $540 before the end of the first half of 2027.
2026 AMD stock price chart Elsewhere, the growing number of bullish recommendations appears directly linked to AMD stock’s remarkable success in 2026. Year-to-date (YTD), the equity is up 131.60% from $214.16 at the end of 2025 to $496 at press time.
AMD stock price YTD chart. Source: Finbold Furthermore, the semiconductor giant has, overall, managed to retain the uptrend through the early June turmoil, given it remains, despite the 2.28% weekly drop, nearly 9% in the green in the monthly chart.
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AMD stock was upgraded to Buy from Neutral with a price target of $575, up from $460, by Citi analyst Atif Malik. (Photograph by Ashley Pon/Bloomberg)
Advanced Micro Devices stock has had a stellar run on excitement about its central-processing units. But investors should also be looking at its graphics-processing unit potential, according to Citi analysts.
Analyst Upgrades Fuel Bullish SentimentRecent analyst commentary has helped support AMD’s rally as investors grow more optimistic about the company’s AI opportunity.
Citi analyst Atif Malik upgraded AMD to Buy from Neutral and raised his price forecast to $575 from $460. Malik said the market has yet to fully recognize AMD as a “legit second source in the GPU market.”
The firm also pointed to AMD’s previously announced six-gigawatt, four-year deal with Meta, which includes a 160 million-share warrant and is expected to begin ramping with an initial one-gigawatt tranche in the second half of 2026 and into 2027.
Citi now projects AMD’s AI revenue will reach $33 billion in 2027 and $50.8 billion in 2028. The firm also increased its estimate for the 2030 CPU market to $136.7 billion.
The bullish outlook follows another positive update from Bank of America Securities on Thursday. The firm reiterated its Buy rating and raised its price forecast to $560.
Other Wall Street firms remain constructive. Barclays carries a $665 price forecast, while TD Cowen recently increased its forecast to $600, reinforcing expectations for continued upside despite AMD’s strong run.
Technical Picture Remains BullishAMD continues to trade in a well-established uptrend. The stock sits 2.8% above its 20-day simple moving average of $478.88 and remains comfortably above its 50-day, 100-day, and 200-day moving averages.
The moving-average structure remains positive. The 20-day average is above the 50-day average, while the 50-day average remains above the 200-day average. That pattern typically signals a healthy long-term trend.
However, momentum indicators suggest the rally may be cooling. The moving average convergence divergence, or MACD, remains below its signal line, indicating buying pressure has eased compared with earlier stages of the advance.
AMD is also approaching a key resistance area near $546.50, which aligns with its 52-week high zone. A breakout above that level could open the door for another leg higher, while failure to clear resistance could lead to a period of consolidation.
AI Opportunity Remains Key Growth DriverInvestors remain focused on AMD’s efforts to gain market share in AI accelerators, one of the fastest-growing segments of the semiconductor industry.
AMD Earnings OutlookAMD’s next major catalyst is its expected earnings report on Aug. 4.
Wall Street expects earnings of $1.55 per share, up from 48 cents a year earlier. Revenue is projected to reach $11.28 billion, compared with $7.68 billion in the prior-year period.
The stock currently trades at about 162.8 times earnings, reflecting high investor expectations for future growth.
AMD Price ActionAMD Stock Price Activity: Advanced Micro Devices shares were up 1.34% at $495.00 during premarket trading on Friday, according to Benzinga Pro data.
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Advanced Micro Devices Inc (NASDAQ:AMD) is enjoying a 1.6% lift before the bell, slated to open just shy of $500 after an upgrade from Citigroup to "buy" from "neutral." The firm also hiked its price target to $575 from $470, citing the chip maker's GPU sales and AI growth. Analyst sentiment is already optimistic heading into today, with 36 of the 45 in coverage sporting a "buy" or "strong buy" recommendation.
AMD has pulled back slightly from its June 3 record high of $546.44, still sporting an impressive 128% year-to-date lead. A mid-May pullback was captured by the round $400 level, while the 30-day moving average now sits below as an added layer of support.
Despite its long-term outperformance, short-term options traders have been leaning bearish. This is per the AMD's Schaeffer's put/call open interest ratio (SOIR) of 1.00, which ranks higher than 88% of readings from the past year. Meanwhile, short interest has been on the rise, up 21.9% over the past two reporting periods, accounting for nearly 3% of the stock's available float.
Lastly, the stock sports a lofty Schaeffer's Volatility Scorecard (SVS) of 95 out of 100. This suggests the equity has consistently realized higher-than-expected volatility over the past 12 months.
HomeIndustriesComputers/ElectronicsTech StocksTech StocksWall Street is underestimating how much Meta will spend on AMD’s AI chips, a Citi analyst saysPublished: June 12, 2026 at 12:04 p.m. ET
Citi raised its price target and its rating on AMD’s stock. Photo: Caroline Brehman/Agence France-Presse/Getty ImagesAdvanced Micro Devices is currently getting a boost from the surge in demand for central processing units, but one analyst thinks Wall Street is underestimating another major opportunity for the company.
The chip maker AMD is “emerging as a legit second source” for graphics processing units and looks “poised to win lion’s share” of business from Meta Platforms META, according to Citi analyst Atif Malik. The tech giant announced a plan in February to deploy up to six gigawatts’ worth of AMD’s Instinct GPUs as part of a multiyear partnership that is expected to start later this year.
Key Takeaways AMD's Q1 gaming revenues rose 11% Y/Y to $720M, driven by strong Radeon 9000 series sales.AMD expects gaming revenues in H2 2026 to be more than 20% below H1 amid market pressures.AMD faces gaming competition as NVIDIA grows edge revenue and Intel launches Arc G-Series chips. Advanced Micro Devices (AMD - Free Report) is witnessing mixed conditions in its gaming business. In the first quarter of 2026, gaming revenues grew 11% year over year to $720 million. The increase was mainly driven by strong sales of the company's new Radeon 9000 series graphics cards, which helped offset weaker performance in other gaming-related areas.
However, revenues dropped 15% sequentially, reflecting the expected softness in the market.
AMD’s semi-custom business, which makes chips for gaming consoles, saw revenues decline from the year-ago period, as expected, given the late stage of the current console cycle. Although customer demand for next-generation console platforms remains encouraging, sales of existing gaming consoles continue to be affected as these platforms mature.
AMD expects second-quarter 2026 total revenues to increase 9% sequentially, driven by double-digit growth in both Data Center and the Embedded segments and modest growth in the Client and Gaming segments. On a year-over-year basis, total revenues are expected to jump 46%. The Zacks Consensus Estimate for second-quarter 2026 revenues is pegged at $11.27 billion, suggesting 46.6% growth from the figure reported in the year-ago quarter. The consensus mark for 2026 revenues is pegged at $48.69 billion, indicating 40.5% growth from 2025.
AMD expects the gaming market to remain under pressure in the second half of 2026. The company said that rising memory and other component costs are making gaming products more expensive, similar to trends in the PC market. As a result, consumers may cut back on spending, which could hurt demand for gaming hardware and related products.
The company is adopting a cautious approach toward its gaming business in the second half of 2026. Notably, AMD is planning conservatively, given the current market environment. AMD expects gaming revenues in the second half of the year to be more than 20% lower than in the first half of 2026. Gaming revenues had already declined 15% sequentially in the first quarter, highlighting the continued slowdown in gaming demand.
Tough Competition Hurts AMD’s ProspectsAMD’s prospects suffer from stiff competition from the likes of NVIDIA (NVDA - Free Report) and Intel (INTC - Free Report) . Both NVIDIA and Intel are expanding their footprints in the gaming space.
NVIDIA’s Edge Computing market platform, which encompasses devices such as PCs, gaming consoles and workstations, generated $6.4 billion in revenues for the fiscal first quarter of 2027. This represents a 10% quarter-over-quarter increase and a 29% rise year over year. This robust growth highlights the continued demand for NVIDIA’s products in the gaming and edge device markets.
Intel’s expanding portfolio has been noteworthy. In May 2026, Intel announced the launch of Intel Arc G-Series processors, a new family of handheld gaming processors built on the Intel Core Ultra Series 3 (Panther Lake) architecture. The processors are designed to deliver higher gaming performance, improved power efficiency and longer battery life for next-generation handheld gaming devices. Intel highlighted upcoming systems from partners, including Acer, MSI and OneXPlayer.
AMD’s Share Price Performance, Valuation & EstimatesAMD shares have jumped 128.1% year to date, outperforming the broader Zacks Computer and Technology sector’s rise of 13.2%.
AMD Stock’s Price Performance
Image Source: Zacks Investment Research
AMD stock is overvalued, with a forward 12-month price/sales of 13.69X compared with the broader sector’s 6.39X. AMD has a Value Score of F.
AMD Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $1.60 per share, unchanged over the past 30 days, suggesting 233.3% year-over-year growth.
Advanced Micro Devices shares moved higher on Friday after Citi upgraded the stock, arguing that investors are underestimating the company's potential in the rapidly expanding artificial intelligence graphics processing unit market.
AMD stock was upgraded to Buy from Neutral by Citi analyst Atif Malik, who also raised his price target to $575 from $460.
Shares gained about 5.87% in trading and have more than doubled this year as enthusiasm around AI-related semiconductor demand continues to build.
While much of the recent excitement surrounding AMD has centered on its central processing unit business, Citi believes the company's graphics processing unit strategy could provide an additional growth catalyst over the coming years.
According to Malik, investors continue to primarily view AMD as a CPU company despite the firm's growing position in the AI accelerator market.
The analyst argued that current market expectations do not fully reflect the company's potential to generate substantial GPU revenue by the end of the decade.
"We now see AMD emerging as a legit second source in the GPU market with [the] company poised to win lion's share at Meta," Malik wrote.
Malik estimates that investors are currently pricing in only about a 60% probability that AMD will generate more than $50 billion in GPU revenue by 2028.
A key component of Citi's thesis is AMD's relationship with Meta Platforms.
Earlier this year, Meta announced plans to deploy up to six gigawatts of AMD's Instinct GPUs under a multiyear partnership expected to begin later this year.
"We believe Meta will be a significantly larger customer of AMD's AI products, especially GPUs, than [Wall Street] is expecting," Malik said.
The analyst noted that AMD and Meta are developing a custom MI1450 GPU that could provide a lower total cost of ownership for Meta's AI infrastructure needs.
Citi estimates AMD could generate approximately $15 billion in revenue for each gigawatt deployed under the six-gigawatt agreement.
Citi significantly increased its long-term expectations for AMD's AI-related business.
Malik now forecasts AMD's AI revenue will reach $33 billion in 2027, representing growth of 137%.
He expects that figure to rise further to $50.8 billion in 2028, implying year-over-year growth of 54%.
The projections come as demand for AI infrastructure continues to expand across the technology industry.
Although Nvidia remains the dominant supplier of AI GPUs used for training artificial intelligence models, AMD is increasingly viewed as one of the leading alternatives.
The market is also becoming more competitive as companies, including Google, develop custom AI chips in partnership with Broadcom.
Despite growing competition, Citi believes AMD is positioned to benefit from strong spending by hyperscale customers seeking alternatives to Nvidia's products.
CPU business remains a key strengthBeyond GPUs, Citi also remains optimistic about AMD's core CPU business.
Malik said he expects AMD to remain "the key beneficiary of the CPU renaissance" as demand for server processors increases alongside the growth of AI inference workloads.
The analyst raised his estimate for the total addressable CPU market to $137 billion by 2030, up from a previous forecast of $132 billion.
The rise of agentic AI and increased demand for inference computing have strengthened the outlook for server CPUs, a market primarily dominated by AMD and Intel.
Malik expects AMD's upcoming Venice processors to outperform Intel's Diamond Rapids chips, although he also anticipates solid demand for Intel's products.
The broader semiconductor sector continues to attract investor attention.
Citi's upgrade follows Bank of America's recent double-upgrade of Intel to Buy from Underperform, highlighting growing optimism toward chipmakers benefiting from AI-related spending.
Nokia stock is trading at elevated levels. Where is NOK stock headed? What’s Driving Nokia’s Recent Stock Rally?The latest swing in Nokia follows a massive rally that pushed shares to a new 52-week high, driven by the company's push into artificial intelligence infrastructure and the launch of an AI Networking Innovation Lab. The lab effort includes partners such as Advanced Micro Devices, Keysight Technologies, Lenovo Group and Super Micro Computer.
Nokia also highlighted FCC approval for its in-home broadband devices, positioning U.S. broadband device deployments to continue "without disruption" and helping keep customer rollouts on track.
Nokia's setup is also getting a sentiment lift from the AI optics trade after Nvidia disclosed a $1.86 billion stake in Coherent (about 7.8 million shares), highlighting optical networking as a potential next bottleneck for AI scale-out. That matters for Nokia because it sells the IP and optical gear that connects high-density compute.
Nokia Stock: Key Levels And Momentum IndicatorsNokia is still in a strong longer-term uptrend: at $15.54, the stock is trading 13.2% above its 20-day SMA ($13.83) and 112.9% above its 200-day SMA ($7.35), showing how extended the move has become after the run toward the highs. The 20-day SMA remains above the 50-day SMA, and the golden cross (50-day SMA above the 200-day SMA) reinforces the bullish structure that's been in place since October 2025.
For momentum, RSI is the cleaner read right now: it entered overbought territory in May and that "stretched" condition can make the stock more sensitive to profit-taking near obvious ceilings. MACD is also constructive (above its signal line with a positive histogram), which suggests downside pressure is easing even if the stock chops around near resistance.
Key Resistance: $16.63 — the 52-week high, close enough to act like a near-term ceiling if sellers keep fading strength Key Support: $13.83 — near the 20-day SMA, a level that often matters when an extended trend pulls back How Nokia Operates In The Networking SpaceNokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. It operates across mobile infrastructure (wireless core equipment and software), network infrastructure (IP, optical and fixed-network gear like routing/switching and fiber access) and a portfolio segment of businesses it views as less central longer term.
That mix is why the market is reacting to the AI-infrastructure angle: AI data centers and AI-native networking can pull through demand for high-speed optical and IP networking, where Nokia is trying to position its product roadmap. The FCC approval item also matters because it reduces rollout friction for broadband devices in the U.S., helping keep deployments and customer timelines on track.
Nokia’s Benzinga Edge: Strengths and WeaknessesBelow is the Benzinga Edge scorecard for Nokia, highlighting its strengths and weaknesses compared to the broader market:
The Verdict: Nokia’s Benzinga Edge signal reveals a momentum-driven profile with strong quality backing, but a weak value score that suggests the market is already paying up for the AI/networking narrative. For longer-term holders, that often means pullbacks toward support can matter more than chasing strength into the 52-week high.
Nokia Stock Price Activity in Premarket TradingNOK Stock Price Activity: Nokia shares were trading at $15.72 during premarket trading on Thursday, according to Benzinga Pro data.
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Nokia stock is showing upward bias. Where are NOK shares going? What’s Driving Nokia’s AI Infrastructure Narrative?Nokia's AI-infrastructure narrative remains the core driver after the company launched an AI Networking Innovation Lab aimed at "AI-native" data center networking for large-scale training and real-time inference. The company has also pointed to FCC approval for its in-home broadband devices, which it says helps keep U.S. deployments without disruption.
Nokia's rally has also been riding the AI optics theme after Nvidia disclosed a $1.86 billion stake in Coherent, about 7.8 million shares, putting a spotlight on optical networking as a potential next bottleneck for AI scale-out. That matters for Nokia because it sells the IP and optical gear that connects dense compute clusters.
Nokia also got a sentiment nudge after a high-profile TV callout tied the move directly to its AI push and "6G AI," with the comment that "people who are very smart tell me to buy it." That kind of attention can amplify momentum trading in a name that's already extended, even if it doesn't change fundamentals overnight.
Nokia Stock: Key Levels To WatchThe bigger picture is still an uptrend: Nokia is up 185.61% over the past 12 months and is trading 8.8% above its 20-day SMA ($13.97) and 105.2% above its 200-day SMA ($7.41). That kind of distance from longer-term averages often raises the odds of choppy, two-way trade as buyers and sellers fight over "how much is already priced in."
Trend structure remains constructive, with the 20-day SMA above the 50-day SMA and a golden cross in October 2025 (50-day SMA above the 200-day SMA) still in place. Momentum also leans supportive: MACD is above its signal line and the histogram is positive, which in plain English suggests downside pressure is easing versus the prior downswing even if price action stalls near the highs.
Key Resistance: $16.63 — the 52-week high, close enough to act like a near-term ceiling if sellers keep fading strength Key Support: $13.97 — near the 20-day SMA, a level that often matters when an extended trend pulls back Nokia Benzinga Edge Rankings: Momentum And Quality InsightsBelow is the Benzinga Edge scorecard for Nokia, highlighting its strengths and weaknesses compared to the broader market:
The Verdict: Nokia’s Benzinga Edge signal reveals a momentum-driven profile with solid quality backing, but a valuation that looks stretched. For longer-term holders, the key question is whether the stock can keep building a base below the $16.63 high without losing the 20-day trend support near $13.97.
Nokia Stock Price Activity In Premarket TradingNOK Stock Price Activity: Nokia shares were trading at $15.22 during premarket trading on Friday, according to Benzinga Pro data.
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Nokia Corporation
Managers’ transactions
31 May 2026 at 13:00 EEST
Nokia Corporation - Managers' transactions (Hanrahan)
Transaction notification under Article 19 of EU Market Abuse Regulation.
____________________________________________
Person subject to the notification requirement
Name: Hanrahan, Victoria
Position: Other senior manager
Issuer: Nokia Corporation
LEI: 549300A0JPRWG1KI7U06
Notification type: INITIAL NOTIFICATION
Reference number: 158758/5/6
____________________________________________
Transaction date: 2026-05-26
Venue: XNYS
Instrument type: SHARE
ISIN: US6549022043
Nature of the transaction: ACQUISITION
Transaction details
(1): Volume: 22713 Unit price: 16.0179 USD
Aggregated transactions
(1): Volume: 22713 Volume weighted average price: 16.0179 USD
____________________________________________
Transaction date: 2026-05-28
Venue: XNYS
Instrument type: SHARE
ISIN: US6549022043
Nature of the transaction: ACQUISITION
Transaction details
(1): Volume: 21969 Unit price: 15.5984 USD
Volume: 44682 Volume weighted average price: 15.8117 USD
About Nokia
Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.
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Maria Vaismaa, Vice President, Corporate Communications
Long known for mobile brick phones and traditional telecom infrastructure, Nokia (NOK +4.93%) is quietly in the middle of an exciting transformation. Back in October, Nvidia (NVDA +0.15%) made a $1 billion strategic investment in Nokia, marking a major turning point as the telecom provider pushed into artificial intelligence (AI).
Since Nvidia's investment, Nokia's stock has climbed from roughly $6 to just below $15, reflecting growing investor excitement around the company's AI ambitions. Adding to this momentum is a flurry of insider purchases.
NOK data by YCharts.
Let's explore how Nokia is transforming its telecom roots into an AI-focused ecosystem, and assess whether early results are compelling enough to support following the company's insiders and buying the stock.
How are Nokia and Nvidia working together? Nvidia's investment in Nokia focuses on developing AI-RAN technology and on the telecom industry's shift from 5G to AI-native 6G networks. Nvidia is embedding its graphics processing units (GPUs) and Arc-Pro computing platform into Nokia's radio access network software. This integration allows mobile operators to run intelligent, real-time AI at the network edge rather than outsourcing to centralized data centers.
Image source: Nvidia.
How is Nokia becoming an AI business? Rather than pivoting away from its telecom roots, Nokia is embedding AI capabilities on top of them, turning decades of connectivity expertise into a competitive advantage in the AI infrastructure landscape. Essentially, Nokia is repurposing its core telecom assets -- radio access networks, optical transport systems, and Internet Protocol (IP) routing -- into the foundation of an AI-centric ecosystem.
The shift is savvy, as it prioritizes several high-growth areas within the AI infrastructure realm, including data center networking equipment, high-bandwidth optical systems for training and inference clusters, and intelligent mobile distribution that embeds AI capabilities directly at the edge.
The company's optical networking portfolio has been strengthened by its Infinera acquisition in February 2025, positioning Nokia as an essential infrastructure provider for handling massive data flows required by AI workloads. In turn, Infinera has helped Nokia evolve its transport and routing solutions to deliver scalable, energy-efficient connectivity solutions for hyperscale data centers.
In addition, Nokia is advancing cloud-native architectures and automation tools that allow broadband networks to become more autonomous and intelligent.
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Insiders are buying Nokia stock amid the current surge During the first quarter, Nokia posted net sales of EUR 4.5 billion ($5.23 billion), representing 2% growth year over year. While this looks mundane on the surface, the real star of the company's Q1 earnings was the newly formed AI business.
Revenue from AI and cloud customers grew 49% and now accounts for 8% of total sales. The company also secured EUR 1 billion ($1.16 billion) in new AI-related orders, particularly in optical networking, which itself grew 20%. While it's still early, these figures suggest that Nokia can convert its legacy telecom infrastructure into tangible AI traction rather than simply riding market hype.
This company's positive momentum has coincided with notable insider buying over the past couple of months. Below is a list of significant recent purchases made by Nokia's C-suite:
Justin Hotard (Nokia CEO): Purchased 84,404 shares in late April 2026 at an average cost of EUR 9.15 ($10.64) per share. Timo Ihamuotila (board member): Purchased 50,000 shares at an average price of EUR 9.10 ($10.58). Konstanty Owczarek (chief corporate development officer): Purchased 70,000 shares between average prices of EUR 15.34 ($17.84) and EUR 15.99 ($18.59). Broadly speaking, when multiple insiders purchase shares during a strong price run, it could be a signal that they believe the current valuation remains attractive relative to the company's long-term opportunity.
With that said, should investors follow suit and buy Nokia stock right now? To me, the story is compelling: Nokia possesses genuine AI momentum in an emerging frontier, the company managed to forge a high-profile partnership with Nvidia, and there appears to be aligned insider conviction. Taken together, these points indicate meaningful multiyear growth in an addressable market expected to reach $200 billion by 2030.
Investors with a long-term time horizon who have bought into the AI networking thesis may find Nokia an attractive opportunity despite the recent run-up. All told, Nokia's transformation is real, but whether it translates into sustained market leadership will ultimately be determined by management's consistent execution in the quarters and years ahead throughout the AI infrastructure revolution.
Nokia has emerged as one of the standout performers in European telecoms this year, with its shares rising more than 140% year-to-date to about $16 as of May 26. The inflection point came in October 2025, when Nvidia invested $1 billion in Nokia at $6.01 per share, taking roughly a 3% stake. Optical network infrastructure revenues rose 56.4% year-on-year to €821 million, driven by hyperscaler demand for data center connectivity as companies scale AI capacity.
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Key Takeaways Nokia gained 159.6% in six months, outperforming its industry, sector and the S&P 500.Nokia launched an AI Networking Innovation Lab with partners including AMD, Lenovo and Supermicro.Nokia faces telecom revenue weakness, flat Radio Networks growth and intense industry competition. Nokia Corporation (NOK - Free Report) shares have gained 159.6% in the past six months compared with the industry’s growth of 43.8%. The stock has outperformed the Zacks Computer & Technology sector and the S&P 500 during the same time frame.
Image Source: Zacks Investment Research
The company has outperformed its peers like Arista Networks, Inc. (ANET - Free Report) and Ericsson (ERIC - Free Report) . Shares of Ericsson have jumped 37.6%, and shares of Arista have risen 33.6%.
Key Growth Drivers for NokiaNokia is actively venturing into the fast-growing AI data center networking market. The company launched an AI Networking Innovation Lab in Sunnyvale, California, where customers and partners can design, test and validate AI networking architectures. AI training clusters require ultra-low latency, high bandwidth and advanced congestion management.
By supporting enterprises in testing and matching these requirements, Nokia is strengthening its position in the AI networking market. The lab already includes partnerships with major players such as AMD, Lenovo, Viavi, Keysight and Supermicro. Such growing collaboration with industry leaders is expected to drive the adoption of NOK data center switches and increase its overall AI-related revenue opportunity.
Nokia is also embedding AI directly into the operation of broadband networks. The company is introducing AI agents across its Altiplano, Corteca and Broadband Easy platforms, enabling telecom operators to automate network planning, deployment, troubleshooting and customer support. Nokia’s AI agent effectively addresses major issues for broadband operators, such as rising operational costs and growing complexity related to fiber and Wi-Fi networks. It is leveraging experience from more than 600 million deployed broadband lines, creating a substantial data advantage. This makes the AI system more precise.
Beacon and Optical Network Terminal broadband devices received conditional approval from the U.S. Federal Communications Commission, exempting the products and future variants from Covered List restrictions. The approval enables service providers to continue deploying Nokia’s broadband solutions without disruption and supports long-term network investment planning. Such developments bode well for long-term sustainable growth.
Major ChallengesNokia is experiencing weakness in its telecom business. Telecommunication Provider revenues declined 2% year over year in the first quarter of 2026. Nokia generates 73% of total revenues from this vertical. Declining trends in this segment remain a major concern for the company.
The Radio Networks business also remained flat year over year, owing to weak demand in the North America region. Amid weakness in its legacy business, Nokia is also facing competition from other major players in the industry. Ericsson remains a major competitor in verticals like radio access networks (RAN), core networks and AI RAN. In the AI data center networking, it faces competition from Arista Networks.
It generates substantial revenue across international markets and remains exposed to economic slowdowns, political uncertainty, regulatory changes and geopolitical disruptions. These factors can affect customer spending decisions, supply chains and project timing. The company’s history of acquisitions and broad global footprint also introduces integration and operational complexities.
Estimate Revision TrendThe company’s earnings estimates for 2026 and 2027 have improved over the past 60 days.
Image Source: Zacks Investment Research
Key Valuation Metric of NOKFrom a valuation standpoint, NOK is currently trading at a premium compared to the industry. Going by the price/earnings ratio, the company’s shares currently trade at 37.18 forward earnings, higher than 35.59 for the industry and above its mean of 16.26.
Image Source: Zacks Investment Research
End NoteAI and cloud and vertical are emerging as major growth drivers for the company. Strong demand from AI data centers and cloud providers is driving growth in the optical networks vertical. Launch of leading-edge AI innovation lab and growing collaboration with major players such as AMD, Lenovo, Supermicro, Keysight and VIAVI is strengthening its position as a key supplier of AI-native data center networking infrastructure. However, stiff competition from other major players and sluggish spending behavior from telecom customers are weighing on margins. With a Zacks Rank #3 (Hold), Nokia appears to be treading in the middle of the road, and new investors could be better off if they trade with caution. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Nokia stock is trading at elevated levels. What’s next for NOK stock? What’s Driving Nokia’s Stock Momentum?The latest push is still tied to Nokia's AI Networking Innovation Lab, which is aimed at AI-native data center networking for large-scale training and real-time inference, plus FCC approval for its in-home broadband devices that the company says helps keep U.S. deployments moving without disruption.
The rally has also been riding AI optics attention after Nvidia disclosed a $1.86 billion stake in Coherent putting a brighter spotlight on optical networking as a potential bottleneck for AI scale-out. That matters for Nokia because it sells the IP and optical gear that connects dense compute clusters.
NOK Stock: Key Technical Levels To WatchThe longer-term trend is still clearly up: the stock is up 215.54% over the past 12 months and is trading above every major moving average (about 16.5% above the 20-day SMA at $14.40 and about 121.2% above the 200-day SMA at $7.58). That kind of extension often supports the bull case, but it can also make pullbacks sharper when momentum cools.
Trend structure remains constructive with the 20-day SMA above the 50-day SMA, and the golden cross that formed in October 2025 (50-day SMA above the 200-day SMA) still in place after the death cross in August 2025. From a momentum lens, MACD is above its signal line and the histogram is positive, which points to improving momentum versus the prior downswing; in plain English, that usually means selling pressure is fading even if price chops near the highs.
NOK is also pressing the top of its 52-week range ($4.00 to $17.11), which is where breakouts can either accelerate or fail into quick profit-taking. If the stock can't clear the prior peak cleanly, traders often watch for a "base" to form above short-term trend support rather than chasing strength.
Key Resistance: $17.11 — the current 52-week high zone, which can act like a near-term ceiling Key Support: $14.40 — near the 20-day SMA, a common first line of support in an extended uptrend Nokia Benzinga Edge Rankings: Strengths And WeaknessesBelow is the Benzinga Edge scorecard for Nokia, highlighting its strengths and weaknesses compared to the broader market:
The Verdict: Nokia’s Benzinga Edge signal reveals a momentum-driven profile with solid quality backing, but weak value support. For longer-term holders, the setup often comes down to whether the stock can consolidate near the highs without losing short-term trend support, because valuation leaves less room for disappointment.
NOK Stock Price Movement During PremarketNOK Stock Price Activity: Nokia shares were up 0.06% at $16.86 during premarket trading on Wednesday, according to Benzinga Pro data.
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Jim Cramer spent a segment on CNBC’s Mad Money on June 2, 2026 reintroducing investors to a company most stopped thinking about around the launch of the original iPhone. “Take Nokia, a river in Finland that seemed to run dry nearly 20 years ago,” Cramer said. “Back in the pre-smartphone days, Nokia dominated the cellular space. But once Apple and Android came along, people stopped thinking of it as a growth company, and it became more of a history lesson.”
However, the history lesson now has a sequel. Nokia (NYSE:NOK | NOK Price Prediction) is up 157% year to date and 209% over the past twelve months, with retail traders on Reddit calling it “the backbone of AI infrastructure” in a post that pulled 2,092 upvotes on r/wallstreetbets. Cramer is selling the idea that Nokia quietly became a critical vendor in the AI buildout while nobody was looking.
From smartphone casualty to AI radio access The pivot has two pieces. One is optical networking, which Nokia bulked up on by acquiring Infinera for $2.3 billion, a deal Cramer called “a tremendous buy” that gave Nokia scale in the data center interconnects consuming a growing share of the AI capex cycle. The other is AI-RAN, embedding AI compute directly into wireless networks so inference happens at the cell tower instead of round-tripping to a hyperscaler. “The new Nokia is about the infrastructure that lets data move closer to where it’s needed,” Cramer said. The frame is edge AI for latency-sensitive applications.
Why NVIDIA wrote a billion-dollar check NVIDIA (NASDAQ:NVDA) wrote Nokia a check. In October 2025, NVIDIA announced a strategic partnership and invested $1 billion in Nokia at $6.01 per share. With the stock now at roughly $16.85, that position has already returned roughly 170% in about six months, putting it alongside Jensen Huang’s other public infrastructure bets in Intel, CoreWeave, Lumentum, and Coherent. The strategic logic runs both ways: NVIDIA gets a path into the radio access network and a credible 6G partner, and Nokia gets the imprimatur Cramer cares about. “If Jensen Huang loves it, you know what? Good enough for me,” he said.
The numbers that justify the rerating The fundamentals back the narrative. Nokia’s AI and cloud net sales rose 49% in the first quarter of 2026, with about 1 billion euros in booked orders. Q4 2025 results showed Optical Networks growing 17% in constant currency with a book-to-bill above one, and CEO Justin Hotard described the demand backdrop in terms unthinkable from a Nokia executive a decade ago: “The AI supercycle is accelerating demand for providers of advanced and trusted connectivity. Nokia is uniquely positioned to be a leader in this market.”
Moreover, management is guiding to comparable operating profit of EUR 2.0 billion to EUR 2.5 billion in 2026, with a longer-term EUR 2.7 billion to EUR 3.2 billion target for 2028. Hotard, who ran Intel’s data center and AI group before taking the Nokia job, is collapsing the company into two segments, Network Infrastructure and Mobile Infrastructure, the kind of structural simplification activists usually have to fight for.
The Cramer caveat Cramer did not bang the table. “If you’re willing to do the homework and stay on top of this one, you’ve got my blessing to put a small position in Nokia,” he said, before adding: “You might want to wait for a pullback before you pull the trigger on anything more than just a little bit because we’re beginning to get overbought.”
The stock trades at a P/E of 100x, and the analyst consensus price target sits behind the market price. Mobile Networks is still cyclical, carrier capex is still lumpy, and the AI-RAN commercial ramp does not arrive in volume until late 2027. The Reddit enthusiasm and the NVIDIA logo do not change those mechanics. They mean Nokia finally has a second act worth arguing about.
Nokia Corporation
Stock Exchange Release
5 June 2026 at 13.30 EEST
Nokia issues EUR 500 million senior unsecured notes and applies for notes to be listed on Euronext Dublin
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
Espoo, Finland - Nokia Corporation has today issued senior unsecured notes in an aggregate principal amount of EUR 500 million (the "Notes") under its Euro Medium Term Note (EMTN) programme. The Notes will mature on 5 June 2032, and carry a fixed annual coupon of 3.625%.
Application has been made for the Notes to be listed on the regulated market of Euronext Dublin.
Nokia will use the net proceeds of the Notes for general corporate purposes, including the refinancing of its outstanding EUR 500 million 3.125% notes due May 2028 pursuant to the make-whole redemption provisions in the conditions thereof.
IMPORTANT INFORMATION
This release is neither an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale of, the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S) except in certain transactions exempt from the registration requirements of the Securities Act. The Notes are subject to United States tax law requirements and may not be offered, sold or delivered within the United States or its possessions or to a United States person, except in certain transactions permitted by United States regulations.
MiFID II and UK MiFIR ‑ professionals/ECPs‑only / No EEA PRIIPs KID or UK CCI product summary – Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or UK CCI product summary has been prepared as not available to retail in EEA or UK.
Promotion of the Notes in the United Kingdom is restricted by the Financial Services and Markets Act 2000 (the "FSMA"), and accordingly, the Notes are not being promoted to the general public in the United Kingdom. In the United Kingdom, this announcement is for distribution only to, and is only directed at, persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Financial Promotion Order"), (ii) are persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Promotion Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity within the meaning of section 21 of the FSMA in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). This announcement is directed only at relevant persons in the United Kingdom and must not be acted on or relied on in the United Kingdom by anyone who is not a relevant person.
About Nokia
Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.
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Maria Vaismaa, Vice President, Corporate Communications
Nokia launches Deepfield Genome Shield security automation system to deliver proactive, network-wide DDoS protection for the AI era
Nokia Deepfield Genome Shield provides proactive, continuously updated, always-on network protection — moving beyond reactive approaches that cannot keep pace with modern, rapid multi-terabit DDoS attacksSolution is Nokia’s first dedicated AI-era security suite — protecting networks from AI-driven threats while delivering clean, continuously updated security telemetry that operator AI and ML systems increasingly rely on.Red Dot Technologies is among the first operators to deploy Genome Shield, addressing both inbound DDoS attacks and outbound threats from compromised subscriber devices within its network 09 June 2026
Espoo, Finland – Nokia today announced the launch of Nokia Deepfield Genome Shield, the industry’s first security automation system that delivers proactive, always-on DDoS protection for telecommunications providers, hosting companies, internet exchange points, and cloud builders in the AI era. Genome Shield addresses the fundamental shift in DDoS threats driven by the emergence of residential proxy botnets, which now comprise approximately 200 million compromised devices worldwide.
The DDoS threat landscape has shifted over the past 12 months. Attacks now come from real subscriber devices, deliver multi-terabit bursts that last seconds to minutes, and rapidly rotate IPs across thousands of nodes. Residential proxy botnets — estimated at 250–600 Tbps - are used to dynamically leverage large numbers of residential users who are unaware their connections are used to generate evasive attacks impacting many national networks. Traditional scrubber-based diversion and reactive mitigation can’t respond quickly enough to these sub-minute attacks. Automated, AI-driven DDoS has industrialized the residential proxy supply chain used by botnets like Kimwolf, while AI-assisted code generation is accelerating the evolution of evasion techniques.
Nokia Deepfield Genome Shield introduces a new class of proactive, network-wide security automation that extends Deepfield Defender to address previously unaddressable use cases. The solution has been shaped through close engagement with customers and the wider security community as part of ongoing efforts to combat DDoS and botnet-driven threats. It shifts protection from reactive mitigation to proactive enforcement leveraging existing network infrastructure. Genome Shield aggregates continuously updated threat intelligence from multiple sources, including Nokia Deepfield Secure Genome® (spanning over five billion internet endpoints), GDTA telemetry, and Deepfield’s cyber range, where live malware and botnet command-and-control (C2s) generate real-time insights. All of this intelligence is compiled in Deepfield Defender into automated DDoS policies and enforced as a security shield across the network.
“Protecting our infrastructure from inbound DDoS attacks while managing compromised subscriber devices requires carrier-grade automation. By implementing Nokia Deepfield Genome Shield, we have transitioned from reactive, manual workflows to a proactive, unified security platform. Disrupting botnet command-and-control at the network edge, before attacks hit, ensures maximum uptime and clean traffic. This deployment guarantees that when clients connect to Reddot, they are choosing a network engineered for absolute security and peace of mind,” said Charlie Attoum, Network Infrastructure Director at Reddot.
“The past year has fundamentally changed DDoS security. Residential proxy botnets have invalidated 25 years of assumptions about how attacks work and how to defend against them. The hard problem today is maintaining dynamic, massive IP threat feeds and enforcing protection against them in real time, at network scale, continuously and automatically. Genome Shield is the industry's answer to that challenge. It combines several intelligence sources, including our unique cyber range and Secure Genome's visibility into more than five billion internet endpoints, with automated policy compilation and enforcement across the entire network. For the more than 1,000 hosting companies, service providers, and internet exchange points that face this new generation of threats, Genome Shield delivers the commercial, scalable answer,” said Jeff Smith, Vice-President and General Manager of Nokia Deepfield.
Genome Shield extends Deepfield Defender's existing DDoS countermeasure portfolio with network-wide automated enforcement, organized across four pillars: Botnet C2 Disruption, which blocks command-and-control communications so attacks cannot be launched; DDoS Policers, which suppress amplification and volumetric traffic through proactive rate limiting; Custom Policies, enabling user-defined rules via open APIs for easy integration; and Observability, providing dashboards for compromised devices, botnet endpoints, and emerging security trends.
Genome Shield requires Nokia Deepfield Defender and is compatible with both router-based edge mitigation and with the Nokia 7750 Defender Mitigation System (DMS) for dedicated L4-L7 DDoS scrubbing. It supports on-premises, cloud-based (SaaS), and hybrid deployment models with flexible pay-as-you-grow licensing.
Initial capabilities of Genome Shield have already been introduced within Nokia Deepfield Defender and are in use by customers today. Additional features will be rolled out throughout 2026.
Multimedia, technical information and related news
Webpage: Nokia Deepfield Defender
Webpage: Nokia Deepfield Genome
Webpage: Nokia Deepfield Genome Shield
Blog: Herd immunity for the internet (by Jérôme Meyer)
Webpage: Internet and security maps for network intelligence | Nokia
Webpage: Deepfield Defender | Advanced DDoS Security by Nokia
Webpage: Nokia 7750 Defender Mitigation System
Webpage: Nokia FP Network Processor Technology
Webpage: Nokia DDoS Security
Webpage: Nokia Deepfield Global DDoS Threat Alliance (GDTA)
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Nokia and Indosat Ooredoo Hutchison collaborate to enhance Indonesia’s 5G network and unlock AI-enabled services
Agreement supports low-and mid-band 5G rollout across Indosat’s network, serving customers nationwidePartnership accelerates new AI-driven services, digital experiences and sustainable growth across IndonesiaAI-ready 5G network will enable AI-RAN architecture and AI Grid deployment in collaboration with NVIDIA, bringing AI and connectivity closer to every Indonesian Espoo, Finland – Nokia and Indosat Ooredoo Hutchison (Indosat or IOH) announced a partnership to modernize Indosat’s nationwide mobile network in Indonesia through the deployment of advanced 5G Radio Access Network (RAN) technologies. As a key technology partner, Nokia will support the rollout of low- and mid-band 5G to help build high-performance, AI-ready networks designed to deliver a more seamless, reliable, and responsive digital experience for customers.
More than a network upgrade, this collaboration reflects a shared ambition to bring customers closer to the digital experiences that matter most to them, from immersive entertainment and gaming to more reliable connectivity for work, learning, communication, and everyday digital activities. A stronger and more flexible network foundation will enable Indosat to serve customers better by anticipating their evolving digital needs while creating experiences that are more meaningful.
The deployment will enhance network capacity, performance, and coverage across Indonesia, while supporting Indosat’s long-term ambition to expand digital access more inclusively nationwide. The upgraded network will also enable advanced consumer and enterprise use cases across key sectors, including public services, industry, and digital services.
Unlocking AI-enabled services with NVIDIA
These joint activities will not only connect Indonesia but also build the digital infrastructure for the country’s next phase of growth. This agreement reflects a shared mission to turn connectivity into a platform for intelligence. AI-RAN provides the common architecture for combining connectivity and intelligence, and Nokia’s roadmap is built on that foundation with NVIDIA. With Nokia and NVIDIA already working with Indosat on AI-RAN, the companies are on track for the next milestone: moving from the first AI-RAN call completed at Mobile World Congress 2026 to field trials in Indonesia by the end of 2026. The collaboration will also support Nokia’s work on new AI algorithms designed to improve spectral efficiency on NVIDIA AI-RAN platforms, with those capabilities expected to be part of the upcoming field trials.
By combining its centralized AI factories and distributed AI-RAN infrastructure, Indosat is advancing its AI grid, creating a unified intelligence layer that distributes both AI and connectivity to millions of Indonesians while helping drive economic growth. Grounded in local AI innovation, the model is already accelerating practical applications in government services, healthcare, education, and agriculture, supported by the AI-RAN Innovation Center in Surabaya and the NVIDIA AI Technology Center ecosystem.
Justin Hotard, President and CEO of Nokia, said: “The next phase of network evolution will be defined by how well operators combine connectivity, intelligence and scale. Together with Indosat and NVIDIA, Nokia is helping build a network that can do exactly that — one that expands 5G, enables new AI-driven services and creates long-term value. This partnership reflects a broader shift in the industry, as operators invest in networks that deliver high performance at scale while supporting greater efficiency, new business models and digital growth.”
Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison, said: “At Indosat, we continuously evolve to serve our customers #LebihBaik by understanding their needs more deeply and delivering experiences that truly matter to them. Together with Nokia and NVIDIA, we are building a reliable and AI-ready network foundation that will elevate connectivity and create a more seamless digital experience for every customer. This collaboration strengthens our readiness for the next phase of digital innovation while reinforcing our commitment to empowering Indonesia through inclusive and sustainable digital transformation.”
Ronnie Vasishta, SVP Telecoms, NVIDIA: “Indosat and Nokia are showing what it looks like when a 5G network becomes the platform for intelligence. By building on our AI-RAN work together and moving toward field trials in Indonesia, we are helping create an architecture where AI and connectivity can work side by side to improve efficiency, enable new applications and support digital transformation at scale.”
As part of the agreement, Nokia will deploy its latest Habrok and Pandion radio families, Levante basebands, Centralized RAN and advanced network management and automation platforms, enabling intelligent operations, improved energy efficiency and faster service innovation. Low‑band 5G will be introduced across the full network footprint, with mid‑band 5G covering approximately 80% of the network over the next three and a half years. AI-driven automation and energy-efficient technologies will improve operational efficiency and support a more sustainable and responsible approach to digital transformation, ensuring that technological advancement delivers real impact for businesses and the millions of Indonesians who rely on connectivity every day.
Nokia, Indosat and NVIDIA are demonstrating how 5G and AI can be delivered together to support digital inclusion across Indonesia’s diverse geography. This 5G expansion project provides the connectivity foundation for an AI Grid, while the AI-RAN roadmap creates a practical path to bring AI workloads closer to the network, to deliver new value for enterprises, public services and empower every Indonesian.
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Nokia Corporation
Stock Exchange Release
9 June 2026 at 18:30 EEST
Changes in Nokia Corporation's own shares
Espoo, Finland – A total of 216 896 Nokia shares (NOKIA) held by the company were transferred today without consideration to participants of Nokia's equity-based incentive plans in accordance with the rules of the plans. The transfer is based on the resolution of the Board of Directors to issue shares held by the company to settle its commitments to participants of the incentive plans as announced on 2 October 2025.
The number of own shares held by Nokia Corporation following the transfer is 132 136 437.
About Nokia
Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.
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Communications
Phone: +358 10 448 4900
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Maria Vaismaa, Vice President, Corporate Communications
Key Takeaways Nokia's AI & Cloud revenues rose 49% in Q1 2026, supported by hyperscaler AI investments.NOK raised its Network Infrastructure market growth forecast to 14% CAGR from 9%.NOK launched new optical networking solutions to boost performance and lower ownership costs. Nokia Corporation (NOK - Free Report) is increasingly emerging as an AI infrastructure beneficiary rather than a traditional telecom-equipment vendor. The company's AI & Cloud revenues jumped 49% in the first quarter of 2026. The growth is primarily supported by growing hyperscalers’ investment in AI infrastructure.
AI-driven spending is primarily driving growth in Nokia’s Network Infrastructure segment. The segment’s Optical Networks business revenues grew 20% year over year on a constant-currency basis, driven by rapid AI data center buildouts. In this vertical, Nokia reported strong order intake backed by solid demand for optical pluggables, line systems and data-center interconnect solutions.
Backed by such solid momentum, the company also increased its forecast for Network Infrastructure market growth to 14% CAGR from the previously expected 9%. It has also been stated that projected capital expenditures by the largest hyperscalers for 2026 have risen from roughly $540 billion to more than $700 billion as companies expand their AI computing capacity. To capitalize on this opportunity, Nokia is aggressively investing in AI-related innovation.
The company introduced four new digital signal processors that power 13 application-optimized optical networking solutions. These products are designed to improve network performance while reducing the customer's total cost of ownership by up to 70%. Nokia also unveiled a next-generation hyperscale optical platform. It increases fiber capacity without expanding physical infrastructure, helping customers scale AI workloads more efficiently.
How are Competitors Faring?In the Optical Networks business, Nokia faces competition from Arista Networks, Inc. (ANET - Free Report) and Ciena Corporation (CIEN - Free Report) . Ciena is witnessing encouraging signs in the market that include improvements in customer spending owing to the rapid proliferation of AI applications. It continues to benefit from higher network traffic and demand for bandwidth, which are mainly attributed to increasing AI technology use cases. Ciena’s Cloud and Service Provider customers are prioritizing network investments to support AI-driven traffic growth, highlighting long-term opportunities for its Systems and Interconnects businesses.
The Arista 2.0 strategy continues to resonate with customers as modern networking platforms become increasingly important for AI-driven data center architectures. Arista continues to benefit from the expanding cloud networking market, which is driven by rising demand for scalable infrastructure and AI networking solutions. The company offers a broad portfolio of data center and campus Ethernet switches and routers spanning 1/2.5/5/10/25/40/50/100/400 and emerging 800-gig platforms.
NOK’s Price Performance, Valuation & EstimatesNokia shares have soared 168.7% over the past year compared with the industry’s 56.5% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, Nokia trades at a forward price-to-sales ratio of 3.35, below the industry tally of 5.41.
Image Source: Zacks Investment Research
Earnings estimates for 2026 and 2027 have remained unchanged over the past 60 days.
Image Source: Zacks Investment Research
Nokia currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Nokia introduces agentic AI framework in Network Services Platform to enable trust-based AI operations for IP networks
Nokia NSP adds an agentic AI framework that lets operators deploy AI agents grounded in a real-time, accurate network view — enabling them to reason based on trusted data and take guided, explainable actions within operator-defined policies and security boundaries.Nokia AI-driven Troubleshooting Agent accelerates root-cause analysis, reduces operational noise, and turns complex IP issues into guided, explainable workflows.Framework supports communication with external agents via new AI-based protocols across operators’ multi-vendor, multi-domain networks, empowering them on their journey toward fully autonomous networks. 11 June 2026
Espoo, Finland – Nokia today announced an enhancement to its Network Services Platform (NSP), the company’s comprehensive management and automation platform for multi-vendor IP networks, with the introduction of an agentic AI framework designed specifically for IP network operations. The new framework enables network operators to deploy AI agents that can reason over real network context and take guided actions within defined policy and security boundaries.
As IP networks grow in size and complexity with the rise of AI traffic, operators face increasing pressure to improve efficiency and reliability while maintaining full operational control. While AI has the potential to transform network operations, many operators have remained cautious due to concerns around explainability, trust, and risk in production environments. Nokia’s approach with NSP addresses these concerns by embedding agentic AI capabilities directly into the platform that already serves as the authoritative controller for IP networks.
“Appledore has been advocating for operators to focus on the primary importance of quality data and ontological relationships – which are proving far more important than specific AI models for efficient and accurate AI reasoning. Nokia’s NSP embraces this approach with extensive AI-native infrastructure built on trusted data and operating norms, providing a solid and secure foundation for a myriad of AI use cases. Domain expertise is likely the most critical quality in designing effective automation for complex networks,” said Grant Lenahan, Partner and Principal Analyst, Appledore Research.
NSP grounds AI agents in an accurate and continuously updated view of the network, including topology, protocol behaviour, configuration state, service relationships, and recent network changes. This enables AI agents to reason based on network truth, rather than inferred or fragmented data, and to operate within operator-defined intent, policies, and access controls. The NSP agent framework also allows for communication with external agents via AI-based protocols, such as Model-context protocol (MCP), across operators’ multi-vendor, multi-domain networks empowering them on their journey toward fully autonomous networks.
The first use case built on this new framework is an AI-driven Troubleshooting Agent, aimed at helping operators identify root causes faster, reduce operational noise, and resolve complex IP network issues with greater confidence. This marks a significant step in Nokia’s strategy to help operators adopt AI safely, incrementally, and at scale in live networks.
“The industry is moving quickly toward AI-native operations, but trust remains the deciding factor. We are enhancing NSP with AI agents built on an agent framework in a way that respects how networks are actually operated. This will have a major impact on the way operators manage their networks and will enable them to enhance their operations significantly and accelerate their journey toward autonomous networks with focus on solving real operational problems, starting with high-impact use cases like troubleshooting. This is an incremental, pragmatic step toward AI‑native networks,” said Sasa Nijemcevic, Vice President and General Manager, IP Network Automation software unit, Nokia.
For network operators, the new agentic framework provides a flexible foundation to introduce multiple AI use cases over time without creating siloed solutions. Operators can start with focused, high-confidence scenarios and gradually expand the role of AI as trust builds, using a shared framework that enforces consistent governance and operational controls.
End-users also benefit from this evolution through faster fault resolution, improved service reliability, and reduced likelihood of prolonged or cascading outages—delivering better experiences without increasing operational risk.
This enhancement to NSP, which will be commercially available by the end of 2026, reinforces Nokia’s commitment to enabling trusted, AI‑native network operations, and to helping operators translate AI innovation into real, measurable operational outcomes.
Multimedia, technical information and related news
Webpage: Nokia Network Services Platform
Blog: Bringing trusted agentic AI into IP network operations
White paper: Agentic AI transforms operations in IP networks
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Nokia is undergoing a multi-year transformation into an AI optical infrastructure platform, with visible margin expansion and accelerating growth in network infrastructure. Recent upgrades include raising network infrastructure growth guidance from 6-8% to 12-14% and optical/IP networks from 10-12% to 18-20%, reflecting robust demand and supply constraints. EPS revisions outpace revenue, driven by operating leverage, early Infinera synergies, and the upcoming Fab 2 ramp, with AI and Cloud now ~8% of group revenues growing at ~49%.
Nokia Oyj is transitioning from traditional telecom to a leading AI and optical/IP network provider, with AI and cloud sales up 49% YoY in Q1. The Infinera acquisition and Nvidia's $1B investment position Nokia to capture accelerating AI data center demand, with management raising addressable market CAGR to 27% through 2028. Operational improvements are evident: Q1 gross margin rose 320 bps to 45.5%, operating profit increased 54% YoY, and net cash stands at €3.8 billion.
Blaize NASDAQ: BZAI Chief Financial Officer Harminder Sehmi outlined the company’s edge artificial intelligence strategy, customer use cases, partnerships and financial outlook during a recent company event, emphasizing that the chipmaker is focused on AI workloads that require low power, low latency and efficient processing outside traditional data centers.
Sehmi said Blaize was founded 12 to 14 years ago by Dinakar and other co-founders with the goal of designing “a new type of GPU” that is programmable and optimized for edge use cases. He said programmability is central to the company’s strategy, noting that the major surviving GPU companies shared that characteristic.
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Blaize’s platform is built around its Graph Streaming Processor, or GSP. Sehmi described the company’s approach as having three pillars: edge and far-edge processing, hybrid systems that combine the GSP with GPUs, and an AI services platform exposed through application programming interfaces.
Edge AI Focus Includes Smart Cities, Defense and Industrial Uses Sehmi said Blaize’s chips are designed for use cases where inference happens close to where data is created, such as on drones or boxes mounted on rooftops or lampposts. He said a single chip can handle “four to five high-definition streams,” and that the chip can run multiple algorithms at once, including video and sensor-related workloads.
One customer Sehmi discussed was TCC, which he described as a subsidiary of Saudi Arabia’s Public Investment Fund. He said TCC is using Blaize technology in a highway monitoring application involving license plate recognition and fines.
According to Sehmi, Blaize tested its equipment with TCC last September on a rooftop, where the temperature inside the box reached 75 degrees Celsius while the AI workloads continued running. He said a GPU-based system stopped working at “50 something” degrees Celsius.
Sehmi also pointed to Winmate, a Taiwanese company that develops ruggedized boxes for industrial use and drones. In drone applications, he said Blaize cards can support defensive capabilities by allowing drones to identify incoming threats and run navigation or identification algorithms onboard.
Hybrid GPU-GSP Systems Target Data Center Efficiency Sehmi said Blaize is “not here to replace NVIDIA” but to complement GPUs by allowing different silicon to be used for different workloads. He said the company’s hybrid approach is aimed at Tier 2 data centers and can support a range of AI workloads beyond video, including text and document processing.
He said smaller AI models, including those in the seven-billion to eight-billion parameter range, can run well on Blaize chips, while larger models can run on GPUs in hybrid systems.
As an example, Sehmi cited Yotta, a data center company in India, and an end customer related to Indian highways. He said Blaize demonstrated that a Supermicro server powered by 24 Blaize cards could run the relevant workloads at two to four times lower total cost of ownership compared with an NVIDIA-based GPU setup.
Sehmi said Blaize’s efficiency advantage comes partly from avoiding the memory-related penalties GPUs can face on small-batch workloads. He said Blaize systems do not require high-bandwidth memory and instead use LPDDR memory.
Partnerships and Go-to-Market Strategy Sehmi said Blaize uses a mix of direct sales and partnerships. He called the company’s partnership with Nokia a “game changer” because Nokia already has relationships with data centers and provides connectivity. He said Blaize and Nokia can bring AI solutions to those data centers together.
The company also works with independent software vendors, Sehmi said. Blaize has developed some applications internally, but he said it is too expensive to build applications for every use case, so the company works with ecosystem partners that already have relevant software.
Sehmi said Blaize’s chip is taped out by Samsung Foundry in Austin, Texas, a detail he said is important for defense-related applications because it supports “Made in America” requirements. Asked about memory sourcing, Sehmi said he did not yet know the answer and that part of his job is to speak with Samsung and Micron about securing supply.
Revenue Outlook and Margin Mix On financials, Sehmi said Blaize closed last year at about $39 million in revenue after exceeding a tightened guidance range. He said the company has tightened its 2026 revenue guidance to $130 million, adding that the year is expected to be back-end loaded because contracts require the company to secure chips, cards and servers as proofs of concept move into production.
Sehmi said Blaize has not provided projections for 2027. However, he said the company is considering introducing metrics such as backlog and bookings as its revenue mix begins to include more software and recurring revenue.
Asked about revenue mix, Sehmi said 2025 and 2026 revenue will be mostly hardware, with 2026 including more system-level hardware. He said some deployments, including Yotta, already include a software component, which helped margins. As AI services deployments expand, Sehmi said he expects margins to improve significantly in 2027 and 2028 as software becomes a larger portion of the mix.
Sehmi said hardware will remain important because Blaize expects to continue providing hybrid servers combining GPUs and GSPs. He also cited the company’s relationship with NeoTensr and a white-labeled server manufacturer as factors supporting margins.
Next-Generation Chip Plans Sehmi said Blaize is on its third chip, after two test chips and one production chip, and that all “lit up within the first hour.” He said the next-generation chip is intended to help run model sizes expected over the next two to three years and strengthen the company’s hybrid strategy by increasing the Blaize component in systems relative to GPUs.
Sehmi closed by saying the company’s focus is on executing existing contracts and ensuring new opportunities do not divert Blaize into unnecessary development efforts. He said the company will rely on its ecosystem for applications outside its core focus areas.
About Blaize NASDAQ: BZAIBlaize NASDAQ: BZAI is a fabless semiconductor company that designs and develops hardware and software solutions for artificial intelligence (AI) and machine learning applications at the edge. The company’s core technology is centered on its proprietary Graph Streaming Processor (GSP) architecture, which combines dataflow computing with a highly parallel matrix processing engine to deliver real-time AI inference with low power consumption. Blaize’s platform is aimed at customers seeking to deploy sophisticated AI workloads in environments where power efficiency, latency and form factor are critical.
The company offers a hardware portfolio that includes standalone GSP modules, PCIe cards and M.2 form-factor boards, alongside its Blaize AI software stack.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Nokia stock is among today’s top performers. What’s fueling NOK momentum? What Is Driving Nokia’s Recent Stock Movement?Nokia said its Network Services Platform is adding an agentic AI framework designed to automate and secure IP-network operations, with commercial availability targeted by the end of 2026. Separately, the company disclosed it will expand 5G work in Indonesia with Indosat Ooredoo Hutchison, aiming for mid-band coverage to reach about 80% of the network over the next 3.5 years.
Nokia has also been stacking security-focused product catalysts alongside the AI narrative, including Deepfield Genome Shield for proactive, network-wide DDoS detection and mitigation.
Nokia Stock: Key Technical Levels To WatchFrom a trend perspective, Nokia is still in a strong longer-term uptrend (up 177.26% over the past 12 months), and the big-picture structure remains supported by the golden cross that formed in October 2025. The near-term setup is more of a digestion phase: the stock is trading 1.5% below its 20-day SMA ($14.91) but still 16.2% above its 50-day SMA ($12.64), which often reads as consolidation inside an uptrend rather than a clean breakout.
Momentum is neutral, with RSI at 49.81, suggesting buying and selling pressure are currently balanced rather than stretched. In plain English, RSI helps gauge whether a move is getting overheated or washed out, and this reading implies the next push likely needs a fresh catalyst (or broader market help) to regain strong upside traction.
Overhead, the chart is running into a nearby "decision zone" where sellers often show up, especially after a big 12-month run.
Key Resistance: $15.00 — a nearby round-number area where rebounds can stall What Does Nokia Corporation Do?Nokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. It operates across mobile infrastructure (wireless network core equipment and software), network infrastructure (IP, optical, and fixed-network gear like routing/switching and fiber access), and a portfolio segment that includes businesses the company views as less central longer term.
That mix matters for Friday's move because the "agentic AI" NSP update is aimed directly at day-to-day IP-network operations, where automation and security can translate into measurable operator outcomes. The Indonesia expansion also ties into Nokia's push to pair 5G buildouts with AI-ready network architecture, including AI-RAN and an AI Grid deployment with NVIDIA, with field trials expected by the end of 2026.
Nokia’s Benzinga Edge Rankings ExplainedBelow is the Benzinga Edge scorecard for Nokia, highlighting its strengths and weaknesses compared to the broader market:
The Verdict: Nokia’s Benzinga Edge signal reveals a momentum-driven profile with supportive quality, but a valuation that's no longer doing the stock any favors. For longer-term bulls, the key question is whether execution (and upcoming catalysts like earnings) can keep price supported above the 50-day trend while it works through resistance near $15.00.
Nokia Stock Price Movement on FridayNOK Stock Price Activity: Nokia shares were up 5.54% at $14.87 at the time of publication on Friday, according to Benzinga Pro data.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
We're in uncharted territory when it comes to IPOs. Prior to 2026, the largest IPO in U.S. history was Alibaba (BABA +0.02%), which raised about $25 billion in late 2024 at a market capitalization of roughly $230 billion.
This year, there's a possibility we'll see not one but three companies with trillion-dollar valuations when their shares start trading. SpaceX, Anthropic, and OpenAI are all expected to go public before the end of the year, and the trio could raise $240 billion at a combined valuation of more than $4 trillion.
SpaceX is furthest along in the process. It has already made its S-1 filing public, and its shares are expected to start trading on June 12 at a valuation of about $1.77 trillion. Anthropic is the next in line, having recently filed a confidential S-1, indicating that we're within a few months of its public debut.
Image source: Getty Images.
To be sure, there's a lot we don't know yet, especially when it comes to Anthropic. But based on what we know now, one looks like the more attractive option to me.
What you're buying with each company SpaceX is the more complex business of the two, with three distinct parts:
Starlink's satellite internet business, which is the fastest-growing telecom company in history. SpaceX's rocket launch business, which has a near monopoly on heavier launches with its Falcon rockets and upcoming Starship. The xAI business, which includes the Grok AI tools as well as the X (formerly Twitter) platform. Starlink itself is highly profitable, but the business is losing money overall. The company produced about $18.7 billion in revenue in 2025 (up 33% year-over-year) and produced a $4.9 billion net loss. However, the company was profitable on an adjusted EBITDA basis.
At its core, Anthropic is a software business. It has emerged as the leader in AI models with its Claude family of products. Claude subscribers include enterprises, developers, individuals, and more, and tools like Claude Code are gaining popularity rapidly.
As mentioned, we don't have all the details about Anthropic's financials, but we do know a lot. The company's revenue run rate was $9 billion at the start of 2026 and has since grown exponentially to $47 billion. The company's leaders expect to generate more revenue in the current quarter than Anthropic produced all of last year.
For both of these businesses, it's difficult to quantify the true market opportunity. SpaceX gave a $28.5 trillion addressable market in its S-1, but this figure includes the entire global broadband market, launch services, AI tools, and even things that don't exist yet, such as data centers in space.
With Anthropic, the generative AI market is growing rapidly, so it's also tough to say. The global generative AI market was estimated at about $54 billion last year and is projected to reach nearly $1 trillion in annual revenue by 2035. If Anthropic can remain a leader (it currently has about 32% of the enterprise market but a small percentage of the consumer market), its potential could be massive.
Does either have a reasonable valuation? Neither of these IPOs is going to be a cheap stock when they go public, assuming that their share prices trade close to expected IPO valuations. Based on a $1.75 trillion valuation, SpaceX will trade for about 94 times sales, a level that we've never seen with any of the trillion-dollar companies in the market.
Anthropic recently raised capital at a $965 billion valuation, but many experts believe it will command a valuation of $1.2 trillion or more by the time it goes public. Even at this level, Anthropic will be trading for about 25 times sales, and that's for a business whose revenue is growing exponentially. By the time it actually makes its public debut, it's fair to assume that its annual revenue run rate will be significantly higher than the $47 billion it recently revealed.
The verdict: Which one might I buy? To be sure, both businesses have risks to consider. SpaceX is pricing in significant growth from revenue streams that don't yet exist. Plus, Elon Musk will be in full control thanks to his super-voting shares, and building out the xAI side of the business will require significant capital.
On the other hand, Anthropic is in an ongoing legal dispute with the Pentagon; it faces stiff competition from OpenAI, Alphabet (GOOGL +0.53%)(GOOG +0.45%), and others, and there's a lot we won't know until its S-1 becomes publicly available.
To me, the answer is clear. Anthropic has a valuation based on exceptional revenue growth and is defensible by the actual business momentum, rather than on a potential future growth narrative.
Although I'm watching Anthropic's IPO closely and may add shares to my portfolio, I'm still likely to take a cautious approach. My specific plan could change based on market conditions, but the most likely strategy will be to open a small starter position shortly after the IPO and add incrementally over time, assuming the stock remains attractive and the long-term thesis remains intact.
Alibaba (BABA - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this online retailer have returned -12.6%, compared to the Zacks S&P 500 composite's +0.2% change. During this period, the Zacks Internet - Commerce industry, which Alibaba falls in, has lost 9.9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Alibaba is expected to post earnings of $2.59 per share, indicating a change of +25.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +31.9% over the last 30 days.
The consensus earnings estimate of $7.38 for the current fiscal year indicates a year-over-year change of +89.7%. This estimate has changed +0.7% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $10.11 indicates a change of +37.1% from what Alibaba is expected to report a year ago. Over the past month, the estimate has changed -2.4%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Alibaba is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Alibaba, the consensus sales estimate of $38.72 billion for the current quarter points to a year-over-year change of +12%. The $166.74 billion and $182.26 billion estimates for the current and next fiscal years indicate changes of +14.7% and +9.3%, respectively.
Last Reported Results and Surprise HistoryAlibaba reported revenues of $35.28 billion in the last reported quarter, representing a year-over-year change of +8.3%. EPS of $0.09 for the same period compares with $1.73 a year ago.
Compared to the Zacks Consensus Estimate of $35.23 billion, the reported revenues represent a surprise of +0.15%. The EPS surprise was -92.62%.
Over the last four quarters, Alibaba surpassed consensus EPS estimates times. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Alibaba is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Alibaba. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
The Pentagon has added several prominent Chinese businesses, including the tech giant Alibaba, electric car maker BYD and search engine Baidu, to its list of Chinese military companies, preventing them from getting U.S. defense contracts.
The list, updated and published Monday by the Pentagon, now sanctions well-known, non-state-owned Chinese companies that are not traditionally considered to be in the defense or security sector. It reflects growing wariness of Beijing’s strategy of tapping the strength of non-state businesses for military purposes.
Created in 2021 by a congressional mandate, the list seeks to identify Chinese companies that the Pentagon considers to have links to the Chinese military — not only those directly controlled by the Chinese military and security forces but also those contributing to the country’s defense industrial base.
When updating the list last year, the Pentagon said the Chinese military sought to acquire advanced technologies and expertise developed by Chinese companies, universities and research programs that “appear to be civilian entities.”
The Chinese Embassy on Monday accused the U.S. of “overstretching the concept of national security and making discriminatory lists to go after Chinese companies.” It said Chinese companies observe the laws and regulations of the countries where they do business. “The U.S. should stop its wrong practice and create a fair, just and non-discriminatory environment for Chinese companies,” the embassy said in a statement.
Alibaba, BYD and Baidu said there is no basis for including them on the list. “Alibaba is not a Chinese military company nor part of any military-civil fusion strategy,” a statement from the leading e-commerce company said. Baidu, which has expanded into artificial intelligence and self-driving taxis, said the suggestion that it is a military company is “entirely baseless.”
BYD said in a statement it is “not a military enterprise” and that the determination “seriously contradicts the facts.” It also said it “will actively safeguard its legitimate rights and interests through all feasible administrative and legal means.”
This year’s list has grown to 188 Chinese entities, up from last year’s roughly 130 named by the Pentagon. It already had covered companies such as DJI, a major maker of consumer drones. While a company on the list can still do business in the U.S., it faces reputational damage and could be subject to more restrictions.
After the Pentagon released the updated list, the House Select Committee on the Chinese Communist Party called it “a warning to American businesses, all levels of government, and the American people.” It said the companies on the list that are traded publicly on U.S. exchanges should be delisted and no American company should do business with those on the list, “otherwise they are enabling China’s military ascendance.”
In naming Alibaba, the Pentagon said the tech giant helps boost China’s defense industrial base because it is affiliated with the country’s Ministry of Industry and Information Technology. Alibaba is traded on the New York Stock Exchange.
The Pentagon said BYD and Baidu are affiliated with the same ministry, which oversees China’s technology and industrial policies. BYD is dominant in the global electric vehicle market, and President Donald Trump said in January that he would welcome Chinese carmakers such as BYD if they built plants in the U.S. and hired American workers.
However, a number of U.S. lawmakers have said they will seek a ban on Chinese electric vehicles.
Another addition is the Chinese robotics company Unitree, whose dancing robots impressed Simon Cowell on NBC’s “America’s Got Talent.” The Pentagon said the company “knowingly received assistance” from the Chinese government through its designation as a small or medium-sized company that is highly innovative, highly competitive globally and critical to the country’s supply chain. Unitree did not immediately respond to a request for comment.
The final deadline for Fast Company's Next Big Things in Tech Awards is Friday, June 12, at 11:59 p.m. PT. Apply today.
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Alibaba Group Holding Ltd. (“Alibaba” or the “Company”) (NYSE: BABA) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON ALIBABA GROUP HOLDING LTD. (BABA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On November 14, 2024, Financial Times published an article entitled “White House memo claims Alibaba is helping Chinese military target US.” According to the article, the memo provided declassified intelligence about how Alibaba provides “the People’s Liberation Army with capabilities that the White House believes threaten US security.” Moreover, “Alibaba also provides the Chinese government and PLA with access to customer data that includes IP addresses, WiFi information and payment records, as well as different AI-related service.”
On this news, Alibaba’s shares fell $6.04, or 3.78%, to close at $153.80 per share on November 14, 2025.
Then, on February 13, 2026, the Pentagon added Alibaba to a list of companies aiding the Chinese military before withdrawing the list only minutes later without explanation.
On this news, Alibaba’s stock price fell $3.00, or 1.9%, to close at $155.73 per share on February 13, 2026.
Then, on March 19, 2026, Alibaba reported weaker-than-expected financial results, with revenue missing consensus estimates “primarily due to weaker transaction activities and phase-out of the impact of software service fee implementation.”
On this news, Alibaba’s stock price fell $9.53, or 7.1%, to close at $124.90 per share on March 19, 2026..
Then, on June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned Alibaba representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, Alibaba’s stock price fell as much as 4.6% during intraday trading on June 11, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased Alibaba securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
The Law Offices of Frank R. Cruz continues its investigation of Alibaba Group Holding Ltd.(“Alibaba” or the “Company”) (NYSE: BABA) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON ALIBABA GROUP HOLDING LTD. (BABA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On November 14, 2024, Financial Times published an article entitled “White House memo claims Alibaba is helping Chinese military target US.” According to the article, the memo provided declassified intelligence about how Alibaba provides “the People’s Liberation Army with capabilities that the White House believes threaten US security.” Moreover, “Alibaba also provides the Chinese government and PLA with access to customer data that includes IP addresses, WiFi information and payment records, as well as different AI-related service.”
On this news, Alibaba’s shares fell $6.04, or 3.78%, to close at $153.80 per share on November 14, 2025.
Then, on February 13, 2026, the Pentagon added Alibaba to a list of companies aiding the Chinese military before withdrawing the list only minutes later without explanation.
On this news, Alibaba’s stock price fell $3.00, or 1.9%, to close at $155.73 per share on February 13, 2026.
Then, on March 19, 2026, Alibaba reported weaker-than-expected financial results, with revenue missing consensus estimates “primarily due to weaker transaction activities and phase-out of the impact of software service fee implementation.”
On this news, Alibaba’s stock price fell $9.53, or 7.1%, to close at $124.90 per share on March 19, 2026..
Then, on June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned Alibaba representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, Alibaba’s stock price fell as much as 4.6% during intraday trading on June 11, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased Alibaba securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260611957940/en/
Alibaba has reportedly offered $1.5 billion to buy Chinese grocery delivery firm Pupu, more than double an earlier $600 million bid from Sun Art Retail.
The reported bid, cited by Bloomberg, is not just about buying a grocery delivery company, but a bet on frequency, logistics and consumer habit.
For Alibaba, Pupu offers something difficult to build quickly: a dense 30-minute delivery network in a market where Meituan, JD.com and Alibaba have already spent heavily to win the next phase of Chinese retail.
Pupu is not a household name outside China, but it is one of the most valuable remaining independent assets in the country’s front-warehouse grocery market.
Based in Fujian province, the company generates annual revenue of more than 30 billion yuan, or about $4.2 billion, according to Bloomberg.
Its model is built around local warehouses that stock fresh food, daily essentials and fast-moving consumer goods, allowing orders to reach customers in about 30 minutes across several provinces.
That matters because China’s instant retail market has moved beyond restaurant meals.
Consumers increasingly expect fruit, meat, milk, medicine, snacks and household products to arrive almost as quickly as takeaway food.
The company that controls that habit gains not just grocery sales, but daily access to the consumer.
Pupu’s value has also risen because the field has thinned.
In February, Meituan agreed to buy Dingdong’s China business for $717 million, giving it another front-warehouse grocery platform.
That left Pupu as one of the last sizable independent players available. If Alibaba does not move now, it may not get another similar target.
Also read- Alibaba stock hands investors an AI business for free: find out more
The price tag looks steep, but less surprising when set against the cost of China’s delivery war.
According to 36Kr, Meituan, Alibaba and JD.com burned at least 150 billion yuan over the past year competing in food delivery and instant retail.
Daily order volumes, once around 80 million to 90 million, crossed 200 million at the peak of the battle.
The economics were brutal as a securities analyst cited by 36Kr estimated that at the worst point, Meituan was losing about 2 yuan per order, while rivals were losing as much as 6 yuan per order.
That gap helps explain why Alibaba may prefer acquisition over endless subsidies.
Buying Pupu could give Alibaba an operational shortcut.
Instead of spending years building warehouse density, supplier relationships, cold-chain systems and local delivery habits city by city, it can plug an existing network into its own ecosystem.
The comparison with Meituan is important as the company has long used food delivery as the entry point into broader local commerce.
Alibaba is trying to do the same from the other direction: turning its e-commerce traffic into daily-use quick commerce traffic.
Alibaba Group (BABA, Financials) has reportedly offered $1.5 billion to acquire Chinese grocery delivery company Pupu, a move that could deepen its push into local commerce and online grocery.
The reported bid would put Alibaba more directly against Meituan, one of China's strongest players in food delivery and local services. For Alibaba, buying Pupu could add more delivery capacity, customer reach and grocery expertise at a time when competition for everyday consumer spending remains intense.
The deal is not just about groceries. It is about owning more of the customer's daily shopping habits, from fresh food to household items.
For investors, the key question is whether Alibaba can turn this kind of acquisition into stronger growth without adding too much cost. China's internet market is competitive, and price battles can pressure margins.
If completed, the deal would show Alibaba is still willing to spend to defend and expand its consumer ecosystem.
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Alibaba Group Holding Ltd. (“Alibaba” or the “Company”) (NYSE: BABA) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ALIBABA GROUP HOLDING LTD. (BABA), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On November 14, 2024, Financial Times published an article entitled “White House memo claims Alibaba is helping Chinese military target US.” According to the article, the memo provided declassified intelligence about how Alibaba provides “the People’s Liberation Army with capabilities that the White House believes threaten US security.” Moreover, “Alibaba also provides the Chinese government and PLA with access to customer data that includes IP addresses, WiFi information and payment records, as well as different AI-related service.”
On this news, Alibaba’s shares fell $6.04, or 3.78%, to close at $153.80 per share on November 14, 2025.
Then, on February 13, 2026, the Pentagon added Alibaba to a list of companies aiding the Chinese military before withdrawing the list only minutes later without explanation.
On this news, Alibaba’s stock price fell $3.00, or 1.9%, to close at $155.73 per share on February 13, 2026.
Then, on March 19, 2026, Alibaba reported weaker-than-expected financial results, with revenue missing consensus estimates “primarily due to weaker transaction activities and phase-out of the impact of software service fee implementation.”
On this news, Alibaba’s stock price fell $9.53, or 7.1%, to close at $124.90 per share on March 19, 2026..
Then, on June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned Alibaba representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, Alibaba’s stock price fell $1.64, or 1.4%, to close at $112.69 per share on June 11, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased Alibaba securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020
Telephone: (215) 638-4847
Email: [email protected],
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. Smith continues its investigation on behalf of Alibaba Group Holding Ltd.(“Alibaba” or the “Company”) (NYSE: BABA) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ALIBABA GROUP HOLDING LTD. (BABA), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On November 14, 2024, Financial Times published an article entitled “White House memo claims Alibaba is helping Chinese military target US.” According to the article, the memo provided declassified intelligence about how Alibaba provides “the People’s Liberation Army with capabilities that the White House believes threaten US security.” Moreover, “Alibaba also provides the Chinese government and PLA with access to customer data that includes IP addresses, WiFi information and payment records, as well as different AI-related service.”
On this news, Alibaba’s shares fell $6.04, or 3.78%, to close at $153.80 per share on November 14, 2025.
Then, on February 13, 2026, the Pentagon added Alibaba to a list of companies aiding the Chinese military before withdrawing the list only minutes later without explanation.
On this news, Alibaba’s stock price fell $3.00, or 1.9%, to close at $155.73 per share on February 13, 2026.
Then, on March 19, 2026, Alibaba reported weaker-than-expected financial results, with revenue missing consensus estimates “primarily due to weaker transaction activities and phase-out of the impact of software service fee implementation.”
On this news, Alibaba’s stock price fell $9.53, or 7.1%, to close at $124.90 per share on March 19, 2026..
Then, on June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned Alibaba representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, Alibaba’s stock price fell $1.64, or 1.4%, to close at $112.69 per share on June 11, 2026, thereby injuring investors further.
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If you purchased Alibaba securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
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Telephone: (215) 638-4847
Email: [email protected],
Visit our website at: www.howardsmithlaw.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20260612716965/en/
Securities Fraud Investigation Into Alibaba Group Holding Ltd. (BABA) Continues -- Investors Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, A Leading Securities Fraud Law Firm Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Alibaba Group Holding Ltd. (“Alibaba” or the “Company”) (NYSE: BABA) investors concerning the Company’s possible violations of the federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON ALIBABA GROUP HOLDING LTD. (BABA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
What Happened?
On November 14, 2024, Financial Times published an article entitled “White House memo claims Alibaba is helping Chinese military target US.” According to the article, the memo provided declassified intelligence about how Alibaba provides “the People’s Liberation Army with capabilities that the White House believes threaten US security.” Moreover, “Alibaba also provides the Chinese government and PLA with access to customer data that includes IP addresses, WiFi information and payment records, as well as different AI-related service.”
On this news, Alibaba’s shares fell $6.04, or 3.78%, to close at $153.80 per share on November 14, 2025.
Then, on February 13, 2026, the Pentagon added Alibaba to a list of companies aiding the Chinese military before withdrawing the list only minutes later without explanation.
On this news, Alibaba’s stock price fell $3.00, or 1.9%, to close at $155.73 per share on February 13, 2026.
Then, on March 19, 2026, Alibaba reported weaker-than-expected financial results, with revenue missing consensus estimates “primarily due to weaker transaction activities and phase-out of the impact of software service fee implementation.”
On this news, Alibaba’s stock price fell $9.53, or 7.1%, to close at $124.90 per share on March 19, 2026.
Then, on June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned Alibaba representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, Alibaba’s stock price fell $1.64, or 1.4%, to close at $112.69 per share on June 11, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
Whistleblower Notice
Persons with non-public information regarding Alibaba should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
About Glancy Prongay Wolke & Rotter LLP
Glancy Prongay Wolke & Rotter LLP (“GPWR”) is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPWR has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPWR was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements.
With four offices across the country, GPWR’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260612930473/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Alibaba Group Holding Ltd. (“Alibaba” or the “Company”) (NYSE: BABA) investors concerning the Company’s possible violations of the federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON ALIBABA GROUP HOLDING LTD. (BABA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
What Happened?
On November 14, 2024, Financial Times published an article entitled “White House memo claims Alibaba is helping Chinese military target US.” According to the article, the memo provided declassified intelligence about how Alibaba provides “the People’s Liberation Army with capabilities that the White House believes threaten US security.” Moreover, “Alibaba also provides the Chinese government and PLA with access to customer data that includes IP addresses, WiFi information and payment records, as well as different AI-related service.”
On this news, Alibaba’s shares fell $6.04, or 3.78%, to close at $153.80 per share on November 14, 2025.
Then, on February 13, 2026, the Pentagon added Alibaba to a list of companies aiding the Chinese military before withdrawing the list only minutes later without explanation.
On this news, Alibaba’s stock price fell $3.00, or 1.9%, to close at $155.73 per share on February 13, 2026.
Then, on March 19, 2026, Alibaba reported weaker-than-expected financial results, with revenue missing consensus estimates “primarily due to weaker transaction activities and phase-out of the impact of software service fee implementation.”
On this news, Alibaba’s stock price fell $9.53, or 7.1%, to close at $124.90 per share on March 19, 2026.
Then, on June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned Alibaba representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, Alibaba’s stock price fell $1.64, or 1.4%, to close at $112.69 per share on June 11, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
Whistleblower Notice
Persons with non-public information regarding Alibaba should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
About Glancy Prongay Wolke & Rotter LLP
Glancy Prongay Wolke & Rotter LLP (“GPWR”) is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPWR has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPWR was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements.
With four offices across the country, GPWR’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Item 1 of 2 A Boeing 737 MAX 7 aircraft lands at Boeing Field in Seattle, Washington, U.S. September 30, 2020. REUTERS/Lindsey Wasson//File Photo
[1/2]A Boeing 737 MAX 7 aircraft lands at Boeing Field in Seattle, Washington, U.S. September 30, 2020. REUTERS/Lindsey Wasson//File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesBoeing's goal remains 63 MAX jets per monthRival Airbus aiming to make 75 A320neo jets per monthSEATTLE, June 5 (Reuters) - As Boeing (BA.N), opens new tab increases production of its best-selling 737 MAX from 42 to 47 jets a month, the U.S. planemaker is looking at how it can climb to 70 a month, its highest ever, CEO Kelly Ortberg told CNBC on Friday.
"We'll look at that to understand where our constraints are, what the resilience is of the supply chain, but that's a study activity right now," Ortberg said.
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The planemaker's stated goal is to raise production to 63 jets a month.
The Air Current trade journal reported on Thursday that Boeing is drafting plans and assessing whether its suppliers could support raising production of the single-aisle jet to 70 per month.
Turning out more 737 MAX jets is critical to Boeing's financial recovery after losing more than $30 billion in recent years and taking on historically high levels of debt.
Boeing has methodically increased output since it restarted 737 production in December 2024. The U.S. Federal Aviation Administration capped production at 38 jets per month after a panel blew out of a nearly new 737 MAX, revealing widespread production quality and safety problems. The cap was lifted in October 2025.
"We've made sure that we're not moving (the rate up) until the production system is stable," Ortberg said.
After consulting the FAA, the company said in May it is aiming to raise production to 47 per month in mid-summer.
Boeing plans to load the first plane on its new 737 production line in Everett, Washington, on July 6, Ortberg told CNBC.
The line is critical to the company's plans to take 737 production to the next stage of 52 jets a month, he said.
The supply chain will have to increase capacity to support Boeing's increased production, Ortberg said on a first-quarter earnings conference call in April.
European rival Airbus (AIR.PA), opens new tab has long aimed for monthly output of 75 A320neo-family jets, but repeatedly delayed the target due to supply-chain constraints. It expects to reach 70 to 75 jets per month by the end of 2027, with plans to stabilize production at 75 thereafter.
Reporting by Dan Catchpole in Seattle Editing by Rod Nickel
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Boeing's top services executive said on Saturday that the planemaker can provide aftermarket parts support to China to back a 200-plane order announced by the planemaker following a visit by U.S President Donald Trump to Beijing earlier this year.
After years of delays, Boeing is increasing production of it's best selling airplane the 737 MAX. The company is adding a 4th assembly line at its plant north of Seattle.
Saudi Arabia's Riyadh Air's first two Boeing 787 Dreamliner jets are delivered as the Kingdom's new national carrier prepares to take off, launching five new destinations. CEO Tony Douglas speaks to CNBC's Dan Murphy on Access Middle East.
Dubai's Emirates expects to receive its long-delayed first Boeing 777X by June next year, but has yet to see progress on Rolls-Royce engine improvements that would allow it to order the competing Airbus A350-1000 , its president said.
A Boeing 737 MAX is parked outside the Renton facility during a media tour, Washington, U.S., April 15, 2026. REUTERS/Genna Martin/File Photo Purchase Licensing Rights, opens new tab
SEATTLE, June 9 (Reuters) - Boeing (BA.N), opens new tab said on Tuesday that it delivered 60 jets in May, a 33% increase over the same period last year, though fewer than the 81 delivered by European rival Airbus (AIR.PA), opens new tab.
Boeing's May deliveries included 51 737 MAX jets, the highest number of its popular single-aisle model in one month since restarting production in December 2024 following a strike.
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Boeing is increasing the 737 production rate from 42 jets a month to 47 per month this summer.
The company also booked 27 new orders, including 14 737s that will be converted into military aircraft for an unidentified customer.
Lufthansa (LHAG.DE), opens new tab ordered 10 787s. Boeing also received cancellations for 16 737 MAX orders, resulting in 11 net new orders in May.
Boeing has delivered 250 jets through the end of May, including 198 737 MAX jets.
May's deliveries included six 787s, which continue to be hampered by certification delays for premium seats, one 777 freighter and one 767 freighter.
Boeing has booked 324 new orders through May, with 29 cancellations or conversions, for a total of 295 net new orders.
The U.S. planemaker's order backlog was 6,178 at the end of May.
Reporting by Dan Catchpole in Seattle; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
The aerospace market is witnessing a split between established giants regaining their footing and agile newcomers reaching for the stars. Choosing between Boeing Co. (BA 1.16%) and Firefly Aerospace depends on your appetite for legacy recovery versus speculative growth.
Boeing remains an essential pillar of global travel and national security, while Firefly focuses on the rapid deployment of small satellites and lunar missions. Comparing them involves looking at Boeing's massive manufacturing scale against Firefly's rapid revenue expansion from a much smaller financial base.
The case for Boeing Co.Boeing serves a massive global market through its commercial airplanes, defense systems, and space divisions. For 2025, U.S. government contracts accounted for nearly 35% of total revenue, which includes sales to foreign allies. Customer concentration like this adds a layer of risk among defense stocks, as a change in government priorities could impact the bottom line.
In FY 2025, revenue reached approximately $89.5 billion, a 34.5% increase from the prior year. The company reported net income of roughly $2.2 billion for the period. This resulted in a net margin of about 2.5%, a notable improvement from the net loss and negative net margin reported in the previous fiscal year.
As of its December 2025 balance sheet, the debt-to-equity ratio was nearly 10x, indicating that total liabilities are 10 times shareholder equity. The current ratio, which measures the ability to pay short-term obligations with short-term assets, was roughly 1.2x. Free cash flow, calculated as cash from operations minus capital expenditures, was approximately negative $1.9 billion for the fiscal year. Note that stock-based compensation (SBC) accounted for roughly 40% of operating cash flow, thereby inflating reported cash generation, since SBC is a non-cash expense added back in the cash flow statement.
The case for Firefly AerospaceFirefly Aerospace operates in the high-growth niche of small- to medium-sized launch vehicles and lunar exploration systems. The company focuses on launching satellites and operating space systems for both commercial and government agencies. It faces extreme customer concentration, with its top five customers accounting for over 86% of total revenue in 2025.
For FY 2025, the company reported revenue of nearly $159.9 million, which is an increase of 163% over the previous year. Despite this growth, the company recorded a net loss of $298.3 million. This reflects heavy investmment in its launch capabilities and infrastructure.
As of the December 2025 balance sheet, the current ratio was nearly 4.5x, suggesting a strong ability to cover short-term liabilities with liquid assets. The debt-to-equity ratio was approximately 0.3x, showing a relatively low level of debt compared to equity. Free cash flow was roughly negative $237.8 million for the fiscal year, indicating that the company is still spending more on operations and equipment than it generates.
Risk profile comparisonBoeing faces significant operational challenges, particularly regarding production stability and quality control for the 737 program. Financial results are also pressured by reach-forward losses on fixed-price development projects, such as the 777X program. Furthermore, the company faces stiff competition from global rivals like Airbus and exposure to shifting trade relations between the U.S. and China.
Firefly Aerospace relies on successful missions, but a launch anomaly in April 2025 highlighted the inherent dangers of the space industry. The company also faces intense competition from established players like Northrop Grumman Corp. (NOC 0.40%) and larger private launch providers. Because five customers provide nearly 86% of revenue, the loss of a single contract or a change in government budgetary priorities could significantly harm financial results.
Valuation comparisonBoeing trades at a higher forward P/E relative to future earnings estimates than the sector average, while Firefly Aerospace trades at an even higher P/S ratio due to its smaller revenue base.
MetricThe BoeingFirefly AerospaceSector BenchmarkForward P/E52.4x72.2x30.4xP/S ratio1.9x37.1xn/aSector benchmark uses the SPDR XLI sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Boeing Co. is the bigger name, but Firefly Aerospace offers the bigger potential return.
There are some obvious risks to FLY, including the fact that it has only been public since August 2025, when it sold shares at its initial public offering for $45. The large loss for fiscal 2025 is another. But its worth considering the road ahead for Firefly.
Firefly Aerospace is the only private company to execute a successful lunar landing, landing on the Moon in March 2025 with its Blue Ghost Mission I. The success of that effort has ingratiated Firefly with NASA, which sent 10 payloads to the Moon with last year’s mission. The company now plans annual missions to the Moon to deliver payloads for NASA as part of the agency’s aim to construct a permanent lunar base. Exciting stuff, and considering the attention the SpaceX IPO will bring to space businesses, that can only be another positive for FLY.
While future projections are inherently speculative, Wall Street analysts expect Firfly to top $440 million this year and reach $1 billion in annual revenue in its fiscal 2028.
Investing in a young company like Firefly Aerospace probably will bring some turbulence, but it offers fast potential growth for those going along for the ride.
Brazil's National Civil Aviation Agency (ANAC) Director-President Tiago Chagas Faierstein speaks during an interview session at the International Air Transport Association (IATA) Annual... Purchase Licensing Rights, opens new tab Read more
RIO DE JANEIRO, June 9 (Reuters) - Brazilian aviation regulator ANAC expects its U.S. counterpart, the Federal Aviation Administration, to certify the Boeing 737 MAX 10 this year and will work quickly to validate the decision locally, agency head Tiago Faierstein told Reuters.
Certification of the MAX 10, which has been long delayed, would be key for Boeing and carriers such as Brazilian airline Gol, which is counting on the largest variant of the 737 narrowbody for its growth plans.
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"Because that is an FAA timeline, I can't really comment, but I strongly believe it will happen this year," Faierstein said in an interview on the sidelines of a gathering of global airline chiefs in Rio de Janeiro on Monday.
"We will work to make it quick here as well. We know Gol really needs these aircraft."
ANAC and the FAA are both members of the Certification Management Team (CMT), which also includes the European and Canadian regulators.
Boeing has faced delays in the certification of its MAX 7 and MAX 10 models due to an engine de-icing issue.
Following a visit to the United States in May, Faierstein also called for cooperation between Brazilian and U.S. authorities to certify a new class of electric vertical takeoff and landing (eVTOL) aircraft.
Embraer's (EMBJ3.SA), opens new tab Eve has given Brazil a strong start in the race to develop the battery-powered aircraft that can ferry travelers on short city trips, helping to beat traffic.
Eve recently pushed back the timeline for its eVTOL vehicle to enter service, to 2028 from 2027, after it slipped previously from an initial 2026 target.
Faierstein said the new time frame was realistic amid work to develop an ecosystem for the vehicle, including recharging infrastructure, pilot licensing and air-traffic-control rules.
"Regarding the aircraft process, we are very confident. Embraer is making progress and the tests have been successful. The issue is the ecosystem," the ANAC head said.
Reporting by Gabriel Araujo and Luciana Magalhaes in Rio de Janeiro Editing by Brad Haynes and Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Gabriel is a Sao Paulo, Brazil-based reporter covering Latin America's financial and breaking news from the region's largest economy. A graduate of the University of Sao Paulo, joined Reuters while in college as a Commodities & Energy intern and has been with the firm ever since. Previously covered sports - including soccer and Formula One - for Brazilian radios and websites.
An aerial view of a Boeing KC-46 Pegasus aerial refueling tanker parked at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. REUTERS/Lindsey... Purchase Licensing Rights, opens new tab Read more
June 9 (Reuters) - The U.S. Air Force is confident a fix has been found for long-running troubles with a key system on Boeing's (BA.N), opens new tab KC-46 aerial refueling tanker, Air Force Secretary Troy Meink told a Senate subcommittee on Tuesday.
Boeing and the Air Force have been trying for several years to fix problems with the tanker's remote vision system, which is critical for midair refueling with the plane's boom, a rigid pipe used to transfer fuel.
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"I think the good news is that we believe we've fixed and have tested the new 2.0 vision system and that we should start rolling that into the production line in '28," Meink said during Tuesday's defense appropriations subcommittee hearing.
That is five years later than initially planned.
The company has delivered more than 100 of the 188 tankers ordered by the Air Force, which is considering the purchase of another 75 for a total of 263.
Boeing has lost more than $7 billion on the fixed-price contract for the 767 commercial model derivative that leaves it on the hook for cost overruns.
Air Force officials have said they will only order more tankers if Boeing fixes lingering problems.
The U.S. planemaker announced on June 4 that it had completed initial flight testing of the Remote Vision System 2.0 upgrade.
Retrofitting existing aircraft with the new system will take seven years, the Air Force announced in May.
The KC-46 has also had problems with its boom and leaks in its fuel system.
"Obviously, this has been a bad contract for the last decade, this existing contract," Boeing CEO Kelly Ortberg told investors in January.
Boeing did not respond immediately to a request for comment.
Reporting by Dan Catchpole in Seattle; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Boeing (BA - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this airplane builder have returned -9.4% over the past month versus the Zacks S&P 500 composite's no change. The Zacks Aerospace - Defense industry, to which Boeing belongs, has gained 1.6% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Boeing is expected to post a loss of $0.23 per share, indicating a change of +81.5% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of -$0.15 for the current fiscal year indicates a year-over-year change of +98.6%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $4.06 indicates a change of +0% from what Boeing is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Boeing.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Boeing, the consensus sales estimate of $23.55 billion for the current quarter points to a year-over-year change of +3.5%. The $96.7 billion and $110.91 billion estimates for the current and next fiscal years indicate changes of +8.1% and +14.7%, respectively.
Last Reported Results and Surprise HistoryBoeing reported revenues of $22.22 billion in the last reported quarter, representing a year-over-year change of +14%. EPS of -$0.2 for the same period compares with -$0.49 a year ago.
Compared to the Zacks Consensus Estimate of $21.46 billion, the reported revenues represent a surprise of +3.53%. The EPS surprise was +78.95%.
Over the last four quarters, Boeing surpassed consensus EPS estimates two times. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Boeing is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Boeing. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
In the latest trading session, Boeing (BA - Free Report) closed at $209.15, marking a -2.5% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 1.62%. Meanwhile, the Dow experienced a drop of 1.87%, and the technology-dominated Nasdaq saw a decrease of 1.98%.
The airplane builder's shares have seen a decrease of 9.44% over the last month, not keeping up with the Aerospace sector's gain of 2.43% and the S&P 500's loss of 0.03%.
The investment community will be closely monitoring the performance of Boeing in its forthcoming earnings report. On that day, Boeing is projected to report earnings of -$0.23 per share, which would represent year-over-year growth of 81.45%. Our most recent consensus estimate is calling for quarterly revenue of $23.55 billion, up 3.51% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.15 per share and revenue of $96.7 billion, which would represent changes of +98.59% and +8.09%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Boeing. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Boeing is holding a Zacks Rank of #3 (Hold) right now.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 109, positioning it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
