From The Motley Fool · Adam Spatacco · · 1m
Nokia's AI Growth Story
Nokia's AI revenue jumps 123% as it becomes key AI infrastructure supplier.
In brief
Nokia's AI revenue jumps 123% as it becomes key AI infrastructure supplier. Nokia's AI & Cloud division revenue grew 123% year over year to 631 million euros, driving AI infrastructure demand. Originally reported by The Motley Fool.
Nokia's AI Renaissance
Nokia is transforming from mobile phones to AI infrastructure supplier.
Nvidia's $1 Billion Investment
Nvidia invested $1 billion in Nokia last year, acquiring 2.9% of the company.
AI-RAN Collaboration
Nvidia and Nokia collaborate on AI radio access networks for edge AI processing.
AI Revenue Surge
Nokia's AI & Cloud division revenue grew 123% year over year to 631 million euros.
Order Intake Growth
Nokia secured 1.5 billion euros in new orders during third quarter.
AI Infrastructure Demand
AI infrastructure spending by hyperscalers drives Nokia's growth opportunity.
Investment Thesis
Nokia's AI story has meaningful upside potential at 2.6 price-to-sales ratio.
The bottom line
Nokia's AI & Cloud division revenue grew 123% year over year to 631 million euros, driving AI infrastructure demand.
