Nokia posts profit beat as AI, cloud demand boost optical sales
Nokia reported third-quarter profit which was ahead of market expectations on Thursday, driven by strong optical and cloud demand, including AI-focused data centre sales following its Infinera acquisition.
The company’s shares were up 10.6% to 5.2 euros by 0717GMT, their highest in over three years, adding 3 billion euros to the company’s 30-billion-euro market value.
