Nokia: The mobile veteran has become the shovel seller of the AI boom, and the numbers indicate a rebound!

With the numbers for the third quarter, Nokia has impressively disproven the skeptics. The adjusted operating profit was EUR 605 million, about a third above expectations, while revenue increased by 10% to EUR 5.2 billion. As early as October, CEO Justin Hotard stated that his customers would build data centers twice as fast if memory chips and energy were not so scarce. This quarter now confirms that statement in black and white. That the stock initially drops despite strong numbers seems to me a plausible opportunity: There is no talk of an...