From Nasdaq: 2025-04-01 10:48:00

Nokia and Amazon have signed a patent license agreement allowing Amazon to use Nokia’s video technologies for its streaming services and devices. The financial terms were not disclosed. Nokia has made significant investments in multimedia technologies over the years, with a portfolio including video compression and content delivery.

In 2023, Nokia filed a lawsuit against Amazon for unauthorized use of its video technology. The lawsuit was settled with the recent agreement, giving Amazon access to Nokia’s multimedia technologies. Nokia’s agreements with Samsung and HP Inc. also highlight the growing demand for its multimedia expertise in the industry.

Nokia’s stock has seen a 50.6% increase over the past year, outperforming the industry’s growth of 43.5%. Nokia currently holds a Zacks Rank #3 (Hold). InterDigital and Celestica Inc. are better-ranked stocks in the industry, with Zacks Rank #1 (Strong Buy). InterDigital specializes in advanced mobile technologies, while Celestica provides manufacturing technology solutions.

Experts have identified 7 elite stocks, including Nokia, as the most likely for early price pops. The full list of Zacks Rank #1 Strong Buys has historically outperformed the market, with an average gain of +24.3% per year since 1988. Investors can access the list for potential investment opportunities.



Read more at Nasdaq: Nokia Inks Patent License Agreement with Amazon: Stock to Gain?