BofA reiterates bullish view on Nokia stock amid AI order strength

Bank of America has reaffirmed its Buy rating on Nokia, anticipating robust growth in AI orders for optical and switching technologies, projected to surpass €2 billion. The bank also anticipates cost reduction initiatives in wireless equipment, which will help balance any potential downturn in radio access network technology demand.

Conversely, Bank of America maintains an Underperform rating on Ericsson, citing recent concerns from Mastec about delays in radio access network spending within North America. Similarly, the firm retains an Underperform rating on Logitech, attributing it to rising memory prices, which are curbing demand for tablets, notebook PCs, and gaming consoles.

These assessments reflect Bank of America's perspective on European hardware stocks, taking into account evolving demand trends in telecommunications and consumer electronics. The article was AI-assisted but subject to editorial review.