stocks surge – Nokia, Navitas Semiconductor, and Rocket Lab sprinted to fresh 52-week highs on Friday—driven by raised analyst targets for Nokia, a SPAC settlement for Navitas, and fresh contract momentum for Rocket Lab as Wall Street and retail rotate toward AI and space.
On a Friday when trading ended with big green candles. three very different companies were pulled into the same spotlight: Nokia Corp. (NOK), Navitas Semiconductor Corp. (NVTS), and Rocket Lab USA Inc. (RKLB). By the close, their moves were loud—enough to rewrite their 52-week ceilings for investors watching for the next shift.
NOK climbed to a new 52-week high of $15.78 on Friday after receiving updates from Wall Street analysts. The stock finished up more than 9% at the close, then pushed further in Monday’s overnight session, gaining nearly 4%.
NVTS reached a fresh 52-week high of $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. The move was sharper: NVTS surged nearly 20% at the end of Friday’s session. then added more than 6% in Monday’s overnight session.
RKLB also set a new 52-week high—jumping to $139.76 on Friday. Shares were up by over 8% at the end of trading, and they kept climbing into Monday’s overnight session as well, rising more than 4.5%.
U.S. stock markets were closed on Monday for Memorial Day, but the momentum still found a way to travel through overnight trading.
The common thread wasn’t a single headline. It was the feeling among investors that fresh information—whether from analysts, legal settlement, or major contracts—was arriving at the exact moment money was ready to move.
Nokia’s jump started with targets from Wall Street. Morgan Stanley raised its price target on Nokia’s U.S.-listed ADR to $16.50 from $13 and kept an ‘Overweight’ rating. The analyst reiterated Nokia as its top pick. saying the company is uniquely positioned to benefit from the surge in artificial intelligence data center spending. CFRA also upgraded Nokia from ‘Hold’ to ‘Buy’. more than doubling its price target to $16 last week. reportedly valuing the company more like an optical networking and AI infrastructure peer. Argus and JPMorgan also lifted targets on the company.
The pace of that rally matters to how investors are reacting. Nokia stock has rallied more than 137% so far this year, clocking 13 weeks of gains in 2026. On Stocktwits, retail sentiment toward Nokia has been in the ‘bullish’ range over the past 24 hours amid ‘normal’ message volume.
Navitas’s surge had a different spark, but it landed on the same kind of urgency. NVTS climbed to $29.50 on Friday as investors leaned into momentum in the AI and power semiconductor markets. extending three consecutive days in the green. 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. Both parties also agreed to drop all related legal claims.
As that settlement eased uncertainty, the next catalyst was already scheduled. Navitas is 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 as GaN and SiC power chips 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 rode a third wave: deal optimism wrapped in the broader rush toward space. RKLB surged to $139.76 on Friday over optimism around its mega deals. bolstered by growing interest in space stocks ahead of SpaceX’s massive public debut slated for June. The stock was on track 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. The agreement marked the company’s first geostationary satellite production program. It also landed a $30 million contract with Anduril for HASTE hypersonic test launches.
On the operational side, Rocket Lab 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 Rocket Lab has been in the ‘neutral’ range over the past 24 hours amid ‘high’ message volume.
The sequence feels less like three isolated stock stories and more like one coordinated rush—buyers moving quickly when the market offers a reason to believe the next leg is already in motion. For investors, the key detail isn’t only that these companies hit 52-week highs. It’s why, and why now.
For updates and corrections, email newsroom[at]stocktwits[dot]com. StockTwits’ news team content is for informational purposes only and is not intended as investment advice. Aashika Suresh has no position in any of the stocks mentioned in this article.
This article was originally published on StockTwits.
NOK NVTS RKLB 52-week high Nokia Navitas Semiconductor Rocket Lab SPAC settlement Live Oak Acquisition Corp. II Morgan Stanley CFRA SpaceX debut June U.S. Space Force Anduril Heimdall HASTE