On August 12, Nokia Oyj rose 3.18% overnight, trading at $9.74 per share, with turnover of $1.7459 million.
On the news front, Nokia Oyj recently announced the acquisition of NXP Semiconductors' wafer fabrication facility in Arizona, with plans to convert it into an indium phosphide optical chip production line expected to begin mass production in early next year. Indium phosphide is a core material for optical interconnects in AI data centers, with current supply-demand gaps reportedly exceeding those of DRAM and NAND. NVIDIA previously invested $2 billion each in Lumentum and Coherent to secure long-term supply. Nokia Oyj's move positions the company at a critical node in the AI optical chip supply chain. Additionally, S&P recently upgraded Nokia's outlook to \"positive\" while affirming its \"BBB-\" credit rating, citing business diversification and stable cash flow, further reinforcing fundamental improvement expectations.
Within the Communication Equipment sector, Lumentum led gains at 6.94%, followed by Applied Optoelectronics up 2.52%, Ondas Holdings up 2.16%, Arista Networks up 0.96%, and Cisco up 0.65%.
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