Nokia CEO says AI data center demand remains strong despite supply constraints.

Nokia CEO Justin Hotard highlighted strong demand for AI data centers, stating that if supply constraints were removed, customers would build data centers twice as fast. Despite debates about slowing AI development, Hotard believes the AI infrastructure buildout is still in its early stages and will continue growing even without new frontier AI models. Nokia plays a key role in connecting data center technology and has seen its stock rise significantly amid the AI boom. The industry faces supply challenges like memory chip shortages and energy constraints, but investments in AI infrastructure are expected to reach $10.3 trillion by 2032, signaling sustained long-term growth potential.

Nokia's market cap stands at $59.24 billion as of Oct 06, 2026 05:11 WIB, with a dividend yield of 1.54%. On Pluang, Nokia's stock price is USD 10.24, down 3.40% for the day, while trading volume reached nearly 70 million shares. The platform shows a balanced investor sentiment with 57% of orders to buy and 43% to sell, reflecting ongoing interest despite recent price declines.