Core Insights - Nokia is restructuring its business by separating its artificial intelligence (AI) and telecom operations into distinct units, with a focus on enhancing its network infrastructure division [2][4]. - The company aims to leverage its network infrastructure as a growth segment to capitalize on the global demand for AI and data center development [3][4]. - Nokia is also launching a new defense division to expand its offerings in defense-grade solutions, building on its existing capabilities in the US and allied countries [5]. AI and Telecom Business Segmentation - The new network infrastructure division will encompass AI and data center operations, while telecom network operations will be integrated into the mobile infrastructure unit [2]. - This strategic move is intended to position Nokia as a key player in the rapidly evolving AI supercycle, with projections indicating AI spending could exceed $2.8 trillion by 2029 [4]. Partnership and Investment - Nokia has secured a $1 billion investment from Nvidia, which will facilitate the integration of Nvidia-powered AI radio access network (AI-RAN) products into Nokia's offerings [5][6]. - This partnership aims to enable communication service providers to deploy AI-native 5G-Advanced and 6G networks, addressing a market projected to exceed $200 billion by 2030 [6]. Defense Division - The newly established Nokia Defense division will serve as a central hub for go-to-market strategies and research and development for defense solutions [5]. - The company sees significant opportunities in the defense sector, particularly in the US and Finland, leveraging its core technologies in network and mobile infrastructure [5].

Nokia Oyj (NYSE:NOK) is reshaping its long-term strategy to align with the rapid shift toward AI-driven networks and next-generation connectivity. The company stated that the move is necessary as traditional 5G growth cools and customers demand more intelligent, software-centric infrastructure.Nokia's stock is lower as investors react to slowing 5G demand, ambitious long-term targets, and execution risks tied to its restructuring of the business into new operating segments.New Operating Structure and Ambiti ...

THAT WE CAN DEPLOY AI COMPUTING SERVICES ON TOP OF. IT WILL BE COMPLETELY REVOLUTIONARY. JONATHAN: NOKIA ANNOUNCING A NEW PLANE TO STREAMLINE ITS BUSINESS WITH A FOCUS ON AI.THE CEO JUSTIN HOTARD SANK NOKIA CHANGED THE WORLD BY CONNECTING PEOPLE AND WILL BEGIN BY CONNECTING INTELLIGENCE. JUSTIN HOTARD JOINS US FOR MORE. JUSTIN: GREAT TO SEE YOU.JONATHAN: OUR GENERATION KNOWS YOUR COMPANY WELL. HANDSETS. WHAT DO YOU WANT IT TO BE IN THE NEXT FEW YEARS.JUSTIN: I WANTED TO BE A COMPANY THAT IS KNOWN FOR CONNEC ...

据悉，上月，芯片巨头英伟达公司同意以10亿美元收购诺基亚股权后，其股价曾大幅飙升，但随后受市 场对AI泡沫的普遍担忧影响，部分涨幅回吐。另外，近日有报道称，诺基亚计划在2030年前关闭其位 于德国慕尼黑的重要研发中心，并计划裁撤超过700个工作岗位。 周三，诺基亚(NOK.US)盘前跌逾6%，报6.20美元。消息面上，诺基亚公司正押注人工智能热潮，通过 精简业务，聚焦于可连接AI数据中心的网络基础设施领域。诺基亚首席执行官贾斯汀.霍塔德19日在公 司资本市场日活动前接受采访时表示，此举将在未来几年实现两位数的营业利润增长。2025–2028年净 销售额年复合增长率(CAGR)目标为6–8%；其中光网络与IP网络合并增长目标为10–12%2028年运营利润 率目标为13%–17%。2028年调整后营业利润达到27亿至32亿欧元的目标，与市场共识(29亿欧元)一致。 ...

Market Overview - The U.S. stock market showed mixed results with the Nasdaq up by 0.12%, the S&P 500 up by 0.03%, and the Dow Jones down by 0.05% [1] Company Highlights - Nvidia's stock rose over 1.5% ahead of its Q3 earnings report for fiscal year 2026, with reports indicating that Saudi Arabia has been approved to purchase a significant amount of U.S. AI chips [1] - Tesla's shares increased by over 1% after receiving approval to begin offering autonomous ride-hailing services in Arizona [1] - Nokia's stock fell by 7.6% following the announcement of a strategic restructuring plan, which will divide the company into two departments: network infrastructure and mobile networks [1] - Target's shares dropped by 2.5% as its Q3 same-store sales growth fell short of expectations, leading the company to lower its full-year profit guidance [1]

据悉，上月，芯片巨头英伟达公司同意以10亿美元收购诺基亚股权后，其股价曾大幅飙升，但随后受市 场对AI泡沫的普遍担忧影响，部分涨幅回吐。另外，近日有报道称，诺基亚计划在2030年前关闭其位 于德国慕尼黑的重要研发中心，并计划裁撤超过700个工作岗位。 智通财经APP获悉，周三，诺基亚(NOK.US)盘前跌逾6%，报6.20美元。消息面上，诺基亚公司正押注 人工智能热潮，通过精简业务，聚焦于可连接AI数据中心的网络基础设施领域。诺基亚首席执行官贾 斯汀·霍塔德19日在公司资本市场日活动前接受采访时表示，此举将在未来几年实现两位数的营业利润 增长。2025–2028年净销售额年复合增长率(CAGR)目标为6–8%；其中光网络与 IP 网络合并增长目标为 10–12% 2028 年运营利润率目标为13%–17%。2028年调整后营业利润达到27亿至32亿欧元的目标，与市 场共识(29亿欧元)一致。 ...

Nokia Capital Markets Day 2025 Summary Company Overview - **Company**: Nokia (NYSE:NOK) - **Event**: Capital Markets Day 2025 - **Date**: November 19, 2025 Key Industry Insights - **AI Supercycle**: Nokia is positioning itself to lead in the AI supercycle, which is characterized by a multi-wave structural transformation that will reshape industries and economies [3][7][9] - **Network Demand**: The demand for connectivity is increasing due to the rise of AI applications, with consumer AI traffic expected to grow over 20% annually and enterprise AI traffic nearly 50% annually over the next decade [8][11] - **Market Growth**: The Network Infrastructure (NI) market is forecasted to grow from $48 billion in 2025 to $60 billion in 2028, driven by AI workloads and increased data center traffic [11] Strategic Focus Areas - **AI-Native Networks**: Nokia aims to lead the development of AI-native networks that are adaptable, reliable, and capable of handling the demands of AI applications [12][13][21] - **Customer-Centric Approach**: The company is focusing on co-innovation with customers, particularly in telecommunications and AI/cloud sectors, to enhance network performance and unlock new value [14][17][19] - **Defense Sector**: Nokia is establishing a new business unit, Nokia Defense, to focus on mission-critical connectivity for sectors like public safety and defense [19] Financial Performance - **Revenue and Margins**: The Network Infrastructure segment generated approximately $7.8 billion in revenue with a 10% operating margin and a 43% gross margin over the past 12 months [25][26] - **Mobile Infrastructure**: This segment generated about EUR 11.6 billion with a 48% gross margin and 13% operating profit [26] Organizational Changes - **Business Segmentation**: Nokia is restructuring from four business groups to two segments: Network Infrastructure and Mobile Infrastructure, to streamline operations and enhance focus [25][29] - **Leadership Team**: A new leadership team is being established to drive Nokia's strategy forward, emphasizing agility and execution [32][34] Technological Innovations - **AI Integration**: Nokia is integrating AI into its network operations, enhancing capabilities such as beamforming through AI-driven optimization techniques [62][63] - **Optical and IP Networking**: The company is focusing on high-performance optics and switching technologies to support the growing demands of AI workloads [11][57] Future Outlook - **Investment in R&D**: Nokia plans to invest in areas where it can differentiate itself technologically, particularly in AI and cloud infrastructure [23][24] - **Sustainable Growth**: The company aims for double-digit operating profit growth through 2028, positioning itself as a compelling investment opportunity in the AI supercycle [37][38] Conclusion - **Vision for the Future**: Nokia is transitioning from a company known for connecting people to one that connects intelligence, with a clear strategy to leverage the AI supercycle for long-term growth and value creation [9][35]

（原标题：诺基亚(NOK.US)精简业务 押注AI基础设施热潮） 智通财经APP获悉，诺基亚公司(NOK.US)正押注人工智能热潮，通过精简业务，聚焦于可连接AI数据 中心的网络基础设施领域。 诺基亚首席执行官贾斯汀·霍塔德周三在公司资本市场日活动前接受采访时表示，此举将在未来几年实 现两位数的营业利润增长。 公司宣布，到2028年，年度营业利润将达到27亿欧元(约合31亿美元)至32亿欧元区间。 周三，诺基亚股价在赫尔辛基证券交易所跌幅一度达6.3%，连续第五个交易日下跌。上月，芯片巨头 英伟达公司同意以10亿美元收购诺基亚股权后，其股价曾大幅飙升，但随后受市场对AI泡沫的普遍担 忧影响，部分涨幅回吐。截至发稿，该股美股盘前下跌5.88%。 第三季度，AI和云服务客户占公司净销售额的6%，但高管们称该领域是公司"最大的机遇"。 诺基亚与全球市值最高的公司英伟达达成的10亿美元合作协议，让这家芯片巨头获得了诺基亚3%的股 份。 去年，诺基亚收购了英飞朗公司(Infinera Corp.)，以拓展AI数据中心网络产品业务;还聘请了芬兰前驻美 大使，向各国政府推广国防通信服务。 分析师马修·布洛克斯汉姆与卡米拉· ...

The company plans to accelerate growth in AI and cloud services, while developing new technology incorporating AI into next-generation mobile networks. ...

Market Overview and Growth - Nokia's addressable market in 2028 is estimated to be €72 billion for Telecommunication Providers, €24 billion for AI & Cloud, and €20 billion for Mission Critical Enterprise including Defense[20] - The market CAGR from 2025 to 2028 is projected at 1% for Telecommunication Providers, 16% for AI & Cloud, and 11% for Mission Critical Enterprise including Defense[20] - Consumer AI traffic is expected to grow at a CAGR of over 20% over the next decade, while enterprise and industrial AI traffic is projected to grow at approximately 50% CAGR over the same period[11, 12] - Network Infrastructure's serviceable addressable market (SAM) is expected to grow from €48 billion in 2025 to €60 billion in 2028, representing a 9% CAGR[16, 74] Financial Performance and Targets - Network Infrastructure achieved 8% net sales growth (TTM Q4'24-Q3'25) and aims for a 6-8% CAGR from 2025-2028[29] - Network Infrastructure targets an operating margin of 13%-17% by 2028, compared to the current 10% (TTM Q4'24-Q3'25)[29] - Mobile Infrastructure aims to increase its operating profit from a base of €15 billion and achieve a gross margin of 48-50% by 2028[29] - The company is targeting a reduction in the corporate center cost base to €150 million, from the current €360 million (TTM Q4'24-Q3'25)[29] - Nokia is targeting a double-digit CAGR comparable operating profit growth through 2028[32, 183] Strategic Priorities and Portfolio Management - Nokia is divesting from portfolio businesses with €09 billion TTM revenue and €-01 billion TTM operating margin[26] - Technology Standards has over €08 billion of annual revenue under contract until 2030 and over €02 billion of annual revenue run-rate from expansion areas[153, 158]