SGNokia reported a 18% increase in its second-quarter comparable operating profit to 434 million euros, exceeding analyst expectations. This growth was driven by increased sales to AI and cloud customers, with revenue from these sectors doubling to 446 million euros. The company attributed continued demand for fiber-optic equipment used in AI data centers, though it acknowledged challenges from rising memory chip prices due to AI-driven demand. CEO Justin Hotard emphasized that customer orders remain strong despite supply constraints. Nokia also announced a revised full-year profit outlook, raising its guidance range. Meanwhile, rival Ericsson faced similar pressures from rising memory chip costs, affecting investor confidence.
Bias read (Center): The article presents Nokia's financial performance and strategic shifts in a balanced manner, focusing on objective economic indicators such as profit figures, sales trends, and industry challenges. It does not take a clear ideological stance on the role of AI or government policy in shaping the tel
