contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


nokia-improved-performance-not-fully-reflected-valuation

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Atte Riikola

Nokia is a global telecommunications company. The company offers solutions in IP, broadband, digital health, and cloud-based systems. The customers are found in a broad base of markets and consist of large corporate customers, authorities, and private consumers. The business is established on a global level in all regions. Nokia was founded in 1865 and the head office is located in Esbo, Finland.

Nokia Technical Analysis April 3. https://stockinvest.us/stock/NOK

Sources for me easing my own speculation with AI? I’m guessing there are very few peer-reviewed studies on, for example, Nvidia’s potential desire to maintain its dominant position in data centers. I have read through the generated AI jargon and it aligns with my current understanding. I can’t be bothered to check how you participate in the discussion, so I’ll leave spam filtering to the moderators, as perhaps you should too. This thread is certainly of a higher quality than KL’s equivalent, but it’s not yet just posting news from reliable™ sources or pure technical jargon. If there’s a policy that AI cannot be used in a thread about a stock rising due to AI hype, then it will be followed. Has anyone managed to explain the sharp rise in the US before Easter? The stock price has sometimes seemed to anticipate major news, but I shouldn’t wear a tinfoil hat. If I got a euro every time I said “interesting stock”…

A few words on this fascinating Nokia story, this time from the perspective of independent analysts: on how the Finnish company is losing some market share to Ericsson in its own 5G core area, but at the same time is cleverly investing in short- and long-term strategies with new AI-powered telecommunications solutions; and how it may have something up its sleeve in the field of AI-RAN technology – for enterprise use. https://www.rcrwireless.com/20260402/network-infrastructure/nokia-5g-pressures-ai-opportunities?hss_channel=tw-40892552

AI jargon is abundant on this forum, in particular. It would be desirable to mention at least the first 3 AI sources in connection with these, as ChatGPT and Copilot at least indicate the source material, and Gemini does so upon request.

Here’s a “layman’s terms” summary: Where Nokia could realistically win If executed well, Nokia could:   Become a neutral, open alternative to NVIDIA networking   Win with telecom + hyperscaler relationships   Lead in AI networking over Ethernet + optics   This is especially relevant as AI clusters scale to hundreds of thousands of GPUs, where networking becomes the bottleneck.   Bottom line   Bad for NVIDIA? → Yes, especially for networking margins and lock-in   Game over for NVIDIA? → Not even close   Strategic shift? → Potentially very important over time    The real outcome:   NVIDIA remains dominant in compute   Nokia could become a serious player in AI infrastructure plumbing   Yes—a strong, open networking layer (e.g., from Nokia) would make it easier for AMD and Intel to compete with NVIDIA.   Why it helps (very short)   Breaks NVIDIA’s GPU + networking bundle   Lets hyperscalers pair:   AMD GPUs + Ethernet fabric   Intel accelerators + Ethernet fabric     Weakens reliance on NVIDIA InfiniBand / NVLink   Pretty standard stuff. I believe that it would even suit Nvidia’s interests to prevent Nokia from getting involved, but large customers will surely try to get rid of single vendor lock-in with their own solutions. Many have their own network stack (Amazon, for example), but a reliable, neutral alternative with a universal software interface could gain some traction. From time to time, when negativity strikes, I try to remember that data center builders will surely try to increase competition among suppliers. The current situation, where the GPU vendor might even decide the location of the maintenance staff’s restroom and take their own margins from everything, is perhaps more the spirit of the times than a vision of the future. Nokia has good products and a strong contribution to product development on the NW side (too). Customers who care about costs (everyone) will competitively bid even screws, rivets, and nails to the very end with different suppliers in construction projects. The same will surely apply to data centers, but my own tea leaves only told me about the future that it’s better to eat those chocolates before the trick-or-treaters start ringing.

What’s the upside for Nokia in that Marvell deal? All of Nvidia’s investments in the number two spot so far seem to be mainly at Nokia’s expense, at least in Nvidia’s ecosystem, and why not elsewhere now that helicopter money is available. Nokia aims to be an end-to-end provider, but in Nvidia’s vision, Nokia seems to be just a radio provider and the subsequent network parts are sliced up for others, except perhaps data center interconnects. Does Jensen regret that Nokia only agreed to the number one spot?  It would certainly be healthy if Nvidia had serious competitors. If someone developed into a true full-stack end-to-end network provider, it could even be a risk to Nvidia’s dominance, and perhaps partly for that reason, data transfer is wanted to be built in a fragmented way for several vendors on a leash. Not quite the triumph that could have been. It’s not a good time to be second or third best in a little bit of everything. The overall solution is perhaps second only to Huawei, and it may be that this will sometimes be decisive. An optimized end-to-end network solution with individual products that reach second place might be better in the future than what is achieved by combining individual solutions from several vendors with their interfaces.

Nokia

Nokia's Q1 result was strong and generally the company's comments dispelled at least our previous concerns about earnings development this year, which had grown due to the Russian invasion of Ukraine. 

<p>Nokia's Q1 result was strong and generally the company's comments dispelled at least our previous concerns about earnings development this year, which had grown due to the Russian invasion of Ukraine. In particular, the rate of the turnaround of Mobile Networks in Q1 was a positive surprise and Nokia's significant investments in improving the unit's competitiveness in the last 18 months are now delivering results. Overall, Nokia's share valuation is moderate and provides a good expected return for the next few years as the strategy progresses. However, in the short term, the generally sour stock market sentiment can hold back the upside potential in the multiples. </p> 

	2021	22e	23e
Revenue	22,202.0	23,322.0	23,924.3
growth-%	1.6 %	5.0 %	2.6 %
EBIT (adj.)	2,775.0	2,862.3	3,105.7
EBIT-% (adj.)	12.5 %	12.3 %	13.0 %
EPS (adj.)	0.37	0.37	0.40
Dividend	0.08	0.12	0.18
Dividend %	1.4 %	1.6 %	2.5 %
P/E (adj.)	15.3	20.1	18.4
EV/EBITDA	8.4	11.1	9.5

Nokia: Improved performance not fully reflected in the valuation

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Key Estimate Figures29.04.2022

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