Nokia Surges on Q3 Profit Beat Driven by AI Data Center Networking Boom

Nokia reported third-quarter comparable operating profit of 435 million euros, crushing analyst expectations of 342 million euros, as demand for data center networking equipment accelerated alongside massive hyperscaler artificial intelligence infrastructure buildouts. The Finnish network equipment maker delivered net sales of 4.83 billion euros, up 12% and exceeding the 4.6 billion euro forecast, with optical networks surging 19% year-on-year on a constant-currency basis.