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AI data-center demand and higher full-year outlook are positive catalysts supporting near-term stock strength and potential multiple expansion, despite lack of disclosed numeric guidance.
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Stock moves reflect firmer demand for AI data-center infrastructure and a raised full-year profit outlook for Nokia. The shift signals investors expect NOK to benefit beyond traditional telecom, potentially boosting earnings and valuation as AI capex accelerates. If AI spending remains robust, NOK could see multiple expansion versus pure-play telecom peers.
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