Aktie im Blick: Nokia ist wieder da – keiner ist besser im Euro Stoxx 50

Nokia has dramatically rebounded in the past year, soaring 120% or more, making it the top-performing stock in the Euro Stoxx 50 index. Many investors are betting on a successful turnaround, as the company has reinvented itself from footwear manufacturer in the 1960s to a telecommunications giant that sold its mobile phone business to Microsoft in 2014.

Nokia now focuses on optical transmission technology for data traffic and network equipment for server and storage communication. Recently, it has partnered with Nvidia to make mobile networks more efficient using artificial intelligence (AI) and 6G technology. In the second quarter, Nokia's revenue doubled with cloud and AI customers, reaching 2.8 billion euros in order value.

Analysts predict a net profit of 1.3 billion euros for the current and 1.9 billion euros for the next fiscal year. Nokia's profitability is expected to grow faster than its revenue. Despite the high valuation, driven by a massive AI order, Nokia remains expensive, trading at more than 50 billion euros. The company's stock entered the Euro Stoxx 50 index in September, pushing up other stocks like Deutsche Telekom.

Nokia is dependent on the investment cycles of major cloud providers and faces competition from companies like Cisco Systems, Arista, Ciena, Ericsson, and Huawei. Analysts are cautiously optimistic about Nokia's future.