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Pierre FerraguÊ
  • Pierre FerraguÊ

The market has it backwards: Meta is the only hyperscaler overspending...

Microsoft, Google, and Amazon sold off after announcing large capex increases, while Meta rose ~10%. Our analysis suggests the market has this backwards. Please see the link for our take, summarised on a single slide.

Chase Tohanczyn ... (+4)
  • Chase Tohanczyn
  • Daniel Ives
  • Matthew Weiss
  • Scott Devitt

Prove It Mode Triggered; OP, $300 PT

Figure 1. 4Q25 ResultsSource: Company reports, Wedbush estimates, FactSet consensusGuidance notes: 4Q total revenue guidance of $206B to $213B; 4Q operating income guidance of $21B to $26B.Amazon reported healthy 4Q results. Total revenue grew +13.6% Y/Y to $213.4B, ~90bps ahead of St. estimates ca

Dan Salmon
  • Dan Salmon

Amazon (Buy, $350 target) Expect faster, higher margin returns on AWS ...

In this first take following tonight’s results, we focus on: 1. Capex guide overshadows AWS acceleration 2. 1Q26 revenue guide brackets consensus, operating income guide comes in below 3. 2026 Capex guidance well ahead of expectations with high conviction in ROIC 4. AWS revenue growth beats and we expect acceleration to continue 5. International retail growth strong as Whole Foods expands 6. Rufus, “horizontal” agents and the future of Amazon advertising

 PRESS RELEASE

Notice of the Annual General Meeting of Nokia Corporation

Notice of the Annual General Meeting of Nokia Corporation Nokia CorporationStock Exchange Release5 February 2026 at 14:00 EET Notice of the Annual General Meeting of Nokia CorporationNotice is given to the shareholders of Nokia Corporation (“Nokia” or the “Company”) of the Annual General Meeting to be held on Thursday, 9 April 2026 at 14:00 EEST at Finlandia Hall, Mannerheimintie 13e, Helsinki, Finland. The reception of persons who have registered for the Annual General Meeting (“Meeting”), the distribution of voting tickets, and coffee service will commence at 12:30 EEST. Shareholders c...

 PRESS RELEASE

Kutsu Nokia Oyj:n varsinaiseen yhtiökokoukseen

Kutsu Nokia Oyj:n varsinaiseen yhtiökokoukseen Nokia OyjPörssitiedote5.2.2026 klo 14.00 Kutsu Nokia Oyj:n varsinaiseen yhtiökokoukseen Nokia Oyj:n osakkeenomistajat kutsutaan Nokia Oyj:n (”Nokia” tai ”Yhtiö”) varsinaiseen yhtiökokoukseen, joka pidetään torstaina, huhtikuun 9. päivänä 2026 klo 14.00 Finlandia-talossa osoitteessa Mannerheimintie 13e, Helsinki. Yhtiökokoukseen ilmoittautuneiden vastaanottaminen, äänilippujen jakaminen ja kahvitarjoilu aloitetaan klo 12.30. Osakkeenomistajat voivat käyttää äänioikeuttaan myös äänestämällä ennakkoon. Ohjeet ennakkoäänest...

Ben Harwood ... (+2)
  • Ben Harwood
  • Pierre FerraguÊ

Nokia Corp: 1 director

A director at Nokia Corp bought 100,000 shares at 5.374EUR and the significance rating of the trade was 95/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...

 PRESS RELEASE

Nokia Corporation - Managers' transactions (Ihamuotila)

Nokia Corporation - Managers' transactions (Ihamuotila) Nokia CorporationManagers’ transactions30 January 2026 at 17:00 EETNokia Corporation - Managers' transactions (Ihamuotila) Transaction notification under Article 19 of EU Market Abuse Regulation.____________________________________________Person subject to the notification requirementName: Ihamuotila, Timo Position: Member of the Board Issuer: Nokia CorporationLEI: 549300A0JPRWG1KI7U06 Notification type: INITIAL NOTIFICATIONReference number: 140802/5/8 ___________________________________________Transaction date: 2026-01-30Venue: AQ...

 PRESS RELEASE

Nokia Oyj - Johtohenkilöiden liiketoimet (Ihamuotila)

Nokia Oyj - Johtohenkilöiden liiketoimet (Ihamuotila) Nokia OyjJohtohenkilöiden liiketoimet30.1.2026 klo 17.00Nokia Oyj - Johtohenkilöiden liiketoimet (Ihamuotila) Markkinoiden väärinkäyttöasetuksen 19. artiklan mukainen ilmoitus liiketoimesta.____________________________________________IlmoitusvelvollinenNimi: Ihamuotila, TimoAsema: Hallituksen jäsen Liikkeeseenlaskija: Nokia CorporationLEI: 549300A0JPRWG1KI7U06Ilmoituksen luonne: ENSIMMÄINEN ILMOITUSViitenumero: 140802/5/8 ____________________________________________Liiketoimen päivämäärä: 2026-01-30Kauppapaikka: AQEAInstrumenttityyppi...

Maissa Keskes ... (+2)
  • Maissa Keskes
  • Stephane Houri
Maissa Keskes ... (+2)
  • Maissa Keskes
  • Stephane Houri
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