TechBloomberg Tech1h ago

Nokia Profit Beats Estimates as Data Centers Fuel Growth

TL;DRNokia's profit exceeded expectations, boosted by data center equipment demand.

Why it matters: Signals telecom giants are profiting from AI infrastructure buildout race.

Nokia Oyj’s third-quarter profit beat analyst expectations, driven by rising demand for data center networking equipment as investment in artificial intelligence infrastructure surges.

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Source: Bloomberg Tech · Opens in new tab