On August 13, Nokia Oyj rose 3.61% in regular trading, trading at $10.695/share, with turnover of $2.86 billion. The stock extended its multi-day rally fueled by the company's strategic acquisition announcement.

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 targeting mass production in early next year. Indium phosphide is a critical material for AI data center optical interconnects, where the current supply-demand gap reportedly exceeds that of DRAM and NAND. Notably, NVIDIA has previously invested $2 billion each in Lumentum and Coherent to secure long-term supply. Nokia Oyj's move positions it at a key node in the AI optical chip supply chain. Additionally, S&P recently upgraded its outlook on Nokia Oyj to positive while confirming its BBB- rating, reinforcing fundamental improvement expectations.

Within the Communication Equipment sector, Applied Optoelectronics rose 3.6%, Lumentum gained 0.34%, while Cisco fell 7.27%, reflecting continued strength in the optical chip sub-segment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)