# Nokia's AI Growth Story

> Nokia's AI revenue jumps 123% as it becomes key AI infrastructure supplier.
- Title: Nokia's AI Growth Story · The Motley Fool | Shortify
- Summary: 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…
- Keywords: nokia, cloud, revenue, nvidia, infrastructure, ai-ran, finance, money, Nokia's, Growth, Story, The Motley Fool
- Source: The Motley Fool — https://fool.com/investing/2026/10/23/not-intel-not-coreweave-this-underappreciated-nvid
- Author: Adam Spatacco
- Published: 2026-10-23T14:30:00+00:00
- Read time: 1 min
- Topics: nokia, ai, cloud, revenue, nvidia, infrastructure, ai-ran, finance, money
## 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.
## Key takeaway

Nokia's AI & Cloud division revenue grew 123% year over year to 631 million euros, driving AI infrastructure demand.