Innodata IncINOD
▲ PositiveCapitalrelevance
Reports strong Q2 2026 results with 58% revenue growth and 49% adjusted gross margin, beating targets.
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Artificial Intelligence▲ · 3 stocks
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Off-coverage companies
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Nokia Expands Microsoft Partnership to Link Data Suite With Fabric
Nokia Oyj expanded its partnership with Microsoft to transform telecom automation using unified, AI-driven data operations. The collaboration connects Nokia Data Suite directly with Microsoft Fabric to streamline network data access for global telecom operators. The combined platform is designed to shorten network data retrieval times and support multi-vendor AI use cases such as autonomous assurance and predictive maintenance. The €52.4 billion communications group runs mobile, fixed, and cloud network infrastructure across regions where operators are pushing into AI-driven automation. The clearest proof point to watch is how management attributes AI-driven software and automation bookings in upcoming quarterly updates through 2027, especially any quantified contribution from Microsoft Fabric-based deployments versus traditional network contracts.
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Jim Cramer Backs Nokia as AI Infrastructure Bet After 62% Rally
Jim Cramer recommended buying Nokia during the Lightning Round of CNBC's "Mad Money" on Sept. 16, calling it "a terrific situation" and saying "I would be a buyer right here." Nokia shares closed at $10.60 on Sept. 17, up about 62% year to date and more than 130% over the past 12 months, though the stock still trades far below its peak of around $29. Cramer's call rested on valuation: Nokia trades at approximately 22 times forward earnings, unusual in a market where AI-linked stocks usually see more than 30 times, and he contrasted it with BWX Technologies, which he passed on because its "price-to-earnings multiple at 30 times is too high." The endorsement came a day before Nokia disclosed on Sept. 17 an expanded partnership with Microsoft that integrates its Nokia Data Suite with Microsoft Fabric, a joint solution the companies say cuts the weeks telecom operators normally need to prepare network data for AI applications down to minutes; shares rose around 3.8% on the news. In the second quarter, Nokia's revenue from artificial intelligence and cloud customers more than doubled year over year to approximately $509 million, order intake in that category reached 2.8 billion euros, roughly $3.2 billion at current exchange rates, and comparable operating profit rose 18% to 434 million euros, though reported net income fell to just 5 million euros and free cash flow dropped into a deficit of 732 million euros, or approximately $835 million, largely on 445 million euros of restructuring costs. Under CEO Justin Hotard, who took over in April 2025 after running Intel's data center division, Nokia has repositioned itself as one of the few Western vendors selling core equipment for AI data centers, supplying optical networking gear, IP routers, and fiber infrastructure to hyperscalers such as Microsoft and Google.
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Cisco Launches AI POD for Splunk to Capture Enterprise AI Spending
Cisco Systems introduced the Cisco AI POD for Splunk at the 2026 Splunk conference in Denver, a configuration that brings Splunk AI capabilities to customers running Splunk Enterprise in on-premises, private-cloud, and air-gapped environments by combining Cisco infrastructure with Nvidia accelerated computing. The move extends Cisco's push to capture more enterprise AI spending beyond hardware, and it comes alongside a multi-year agreement with AWS to co-develop Splunk-centered security products for AI-driven threats. Cisco took in $9.3 billion of AI infrastructure orders from hyperscalers in fiscal 2026, including $4 billion in the fourth quarter alone, and generated around $4 billion in AI infrastructure revenue during the year, a figure it expects to nearly double to $7.5 billion in fiscal 2027. The stress point is that infrastructure leads this growth and is exposed to competitive pricing and component cost inflation, while observability revenue grew just 6% in the fourth quarter, leaving open how quickly Cisco converts AI infrastructure into higher-value recurring software and security growth. Hedge fund positioning moved supportively before the Splunk announcement, with the number of funds holding Cisco rising to 101 in the second quarter from 97 in the first quarter and 77 in the fourth quarter, and short interest falling 5.77% from the prior reading to 55.5 million shares as of August 31.