There aren’t many European stocks as hot as Nokia this year.
The U.S.-listed shares (ticker: NOK) of the Finnish telecom-equipment maker have surged 60% this year to a recent $6.28. The story is simple enough—telecom operators around the world are upgrading their equipment to support faster 5G technology. Nokia is one of a handful of companies to make that equipment, and a key rival, Huawei, is blocked from the U.S. and a number of other Western countries over national-security concerns.
The…
