Why Did NOK, NVTS, RKLB Stocks Surge To 52-Week Highs Last Week?

• NOK shares surged to a new 52-week high of $15.78 on Friday after it received price target updates from Wall Street analysts.

• NVTS climbed to $29.50 on Friday, extending three consecutive days in the green, after the company reached a settlement agreement with its SPAC sponsor Live Oak Acquisition Corp. II.

• RKLB surged to $139.76 in the last trading session over optimism around its new deals, further bolstered by a growing interest in space stocks ahead of SpaceX’s massive public debut.

Shares of Nokia Corp. (NOK), Navitas Semiconductor Corp. (NVTS) and Rocket Lab USA Inc. (RKLB) all climbed to fresh 52-week highs on Friday as positive company updates, Wall Street optimism, and rotation into space companies fueled buying momentum.

NOK stock was up more than 9% at close, while NVTS surged nearly 20% and RKLB shot up by over 8% at the end of the trading session, with all three companies extending their gains in the overnight session heading into Tuesday. U.S. stock markets were closed on Monday for Memorial Day.

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NOK was up nearly 4% in Monday’s overnight session, while NVTS gained more than 6%, and RKLB climbed more than 4.5% at the time of writing.

Nokia Jumps On Higher Price Targets

U.S.-listed shares of the Finnish telecommunications company surged to a new 52-week high of $15.78 on Friday after it received positive sentiment from Wall Street analysts.

Morgan Stanley raised its price target on Nokia’s U.S.-listed ADR to $16.50 from $13, while also maintaining an ‘Overweight’ rating on the shares, as per Investing.com.

The analyst reiterated the company as its top pick, adding that Nokia is uniquely positioned to benefit from the surge in artificial intelligence data center spending.

Additionally, CFRA also upgraded Nokia from ‘Hold’ to ‘Buy’, after more than doubling its price target to $16 last week. The analyst reportedly said that it had started valuing the company more like an optical networking and AI infrastructure peer. Argus and JPMorgan also lifted targets on the company.

NOK stock has rallied more than 137% so far this year, clocking 13 weeks of gains in 2026. On Stocktwits, retail sentiment toward the company has been in the ‘bullish’ range over the past 24 hours amid ‘normal’ message volume.

Navitas Soars On Chip Optimism, SPAC Settlement Relief

The semiconductor company climbed to a fresh 52-week high of $29.50 on Friday, extending its three consecutive days in the green as investors piled into the company amid strong momentum in the AI and power semiconductor markets.

The rally accelerated last week after Navitas Semiconductor reached a settlement agreement with its SPAC sponsor Live Oak Acquisition Corp. II regarding earnout shares linked to the company’s 2021 merger. Under the agreement, some shares were released to Live Oak while others were forfeited, with both parties agreeing to drop all related legal claims.

The company is also slated to participate in the Craig-Hallum Institutional Investor Conference later this week, where it is expected to showcase its latest gallium nitride (GaN) and GeneSiC silicon carbide (SiC) products. Investor interest has accelerated due to the growing optimism around its GaN and SiC power chips, which are increasingly seen as critical technologies for AI data centers, electric vehicles, renewable energy systems and next-generation industrial power infrastructure.

NVTS stock has rallied about 249% this year. On Stocktwits, retail sentiment toward the company has been in the ‘bullish’ range over the past 24 hours amid ‘normal’ message volume.

Rocket Lab Rides Space Momentum

Shares of the aerospace company surged to a 52-week high of $139.76 on Friday over optimism around its mega deals, further bolstered by a growing interest in space stocks ahead of SpaceX’s massive public debut slated for June. The company is headed for its best month this year if gains hold through the end of May.

Last week, Rocket Lab secured a $90 million contract with the U.S. Space Force to design, manufacture, and operate two geostationary satellites carrying the Heimdall space domain awareness payload, marking the company’s first geostationary satellite production program. The company also landed a $30 million contract with Anduril for HASTE hypersonic test launches.

Rocket Lab also successfully deployed another satellite for Japan-based Synspective, completing its ninth dedicated Electron mission.

RKLB stock has rallied 372% in the past 12 months. On Stocktwits, retail sentiment toward the company has been in the ‘neutral’ range over the past 24 hours amid ‘high’ message volume.

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Aashika Suresh has no position in any of the stocks mentioned in this article. StockTwits’ news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits.

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