Nokia beats profit estimates as AI data center demand surges

Nokia reported third-quarter profits that exceeded market expectations, driven primarily by a surge in demand for AI data centers. This financial performance underscores the company's strategic pivot toward AI and cloud markets, demonstrating its adaptability in a shifting landscape. However, this growth is accompanied by potential risks due to Nokia's significant reliance on major cloud clients. The results highlight the impact of AI infrastructure needs on the company's current profitability and overall strategic direction.