Nokia Acquired Infinera and Is Now Quietly Becoming an AI Infrastructure Play. Wall Street Hasn't Caught On Yet.
The stock has more than doubled, but it still trades at a reasonable valuation relative to future earnings.
Nokia Acquired Infinera and Is Now Quietly Becoming an AI Infrastructure Play. Wall Street Hasn't Caught On Yet.
Overview
Nokia (NYSE: NOK) shares have climbed 175% over the past year. This followed its February 2025 acquisition of Infinera, extending its capabilities in optical networking, which is seeing growing demand from data centers that need faster data transmission for artificial intelligence (AI).
Despite the stock's monster run, Nokia is just getting started with its pivot to tackle this opportunity. Wall Street is still catching up to the new reality of this networking infrastructure leader, particularly what this could do to earnings growth. Here's why it's not too late to consider buying the stock.
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Originally published at www.fool.com.
