Nokia's agentic-AI work with Nvidia adds another bullish development to its network-automation case. Nokia says their models and network intelligence help operators act on insights while keeping control of sensitive data. L&T Technology Services also announced engineering and R&D work with Nokia in India; after strong Q3 results, the shares still look ridiculously priced. x.com  x.com 

Nokia's AI and cloud orders are set to turn into revenue, with about half of Q2's EUR 2.8B intake expected to convert over the next 12 months. Its San Jose fab ramps in Q4, Pennsylvania test and packaging capacity expands 10x from Q3, and an NXP Chandler fab lease for indium phosphide chips starts in early 2027, all for demand expected in 2027-28. Nokia targets EUR 2.7-3.2B of comparable operating profit by 2028, up from EUR 2.1-2.6B guided for 2026. x.com 

Nokia's expected 2028 earnings do not make the stock particularly attractive at today's multiple. Even assuming EUR3.5bn of operating profit and a 17x multiple, the implied value is about $12.40, leaving the thesis dependent on multiple expansion. Datacenter and optical progress is good, but more growth in satellite communications and subsea would strengthen the case. x.com  x.com  x.com 

Nokia is turning into an AI infrastructure play that the market is noticing late. Its growth drivers include AI-RAN, optical networking such as 800G optics for AI data centers, data center connectivity demand and 5G/6G expansion. Nvidia took a roughly $1B stake to accelerate AI-driven networking, and Nokia is partnering with Anduril on next-generation defense communications. x.com 

Nokia is an overlooked AI-infrastructure play now that it has launched its first commercial AI-RAN. It is down about 40%, has recent upgrades to Buy from SEB and Danske, and offers real AI optionality. Conviction is lower, since the story needs its guidance to confirm it. x.com 

Nokia's guidance raise was just an accounting shift, leaving a steep climb to its profit target. The bump to €2.1-2.6 billion came from moving two business lines into discontinued operations; JPMorgan asked why operating targets weren't raised. With about €735 million of H1 operating profit, Nokia needs €1.8-1.9 billion in H2 for the top end, so delays risk a miss. Memory and optics remain bottlenecks, and only about half of €2.8 billion in AI and Cloud orders converts within 12 months. x.com  … Show more

AI product, networking, compute and power demand could reward patient owners of Meta, Nokia, Oracle, Broadcom, IREN and Vistra. Meta's Muse could unlock massive revenue; free cash flow could recover when AI spending slows. Nokia works with Nvidia on AI-RAN and 6G. Oracle has $664B in obligations and massive potential reward from OpenAI. Broadcom's AI chip revenue rose 221% to $16.7B; IREN has a $9.7B Microsoft contract and 5 GW of power. AI power bottlenecks favor Vistra. x.com  x.com  x.com  x.com  … Show more

Nokia is becoming a credible Western AI infrastructure pick, though only its Network Infrastructure half. The Infinera deal added in-house photonic chip fabs and hyperscaler access, Nvidia's $1B stake brings AI-RAN co-design, and the segment grew 23% in FY25 with EUR2.4B of AI and cloud orders. Licensing at near-100% gross margin and EUR4.9B of net cash add support, while Mobile Networks is a commoditizing anchor. Risks: AI capex peaking before Nokia wins optical share, and synergy slippage. … Show more

Nokia looks overhyped for now, and a weak Q3 could bring a short-term pullback despite a bright long-term setup. Management said Q3 will be flat because high-margin software revenue was pulled into Q2, and restructuring charges of €390M still weigh. AI and cloud revenue rose 105%, with €2.8B of binding Q2 orders, but memory and optical supply limits are capping growth. Q4 needs to confirm the thesis before buying, likely toward year-end. x.com  x.com  x.com 

Nokia's story keeps getting better, with a turnaround still in its early stages that recalls Intel's. AI-driven network demand, optical growth, inflecting fundamentals and an expanding defense angle all support it. @BanyanLaneCap adds that as AI rebuilds connectivity, Nokia has many ways to win beyond the next two to three years, with real IP and only a few global competitors. x.com