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Will Healthy Momentum in IoT and AI Applications Drive NOK Stock?
ZACKS· 2025-05-14 17:41
Group 1: Nokia's Recent Developments - Nokia's 5G Standalone Core has been selected by Com4, a Mobile Virtual Network Operator, to enhance IoT connectivity across various industries such as energy, transport, health, and security [1] - CoreSite, a major American tower company, is deploying Nokia's IP routing portfolio, which includes the Nokia 7250 Interconnect Router and the Nokia 7750 Service Router, to support high-capacity data traffic and interconnectivity within data centers [3] - Nokia's solutions are designed to meet the growing demand for robust networks driven by the rapid adoption of cloud services and AI capabilities, positioning the company favorably in the evolving data center landscape [4][5] Group 2: Market Position and Financial Performance - Nokia's stock has increased by 33.8% over the past year, although this is lower than the industry's growth of 42.2% [7] - The company is on a three-phased journey of value creation, focusing on Reset, Accelerate, and Scale, with a strong emphasis on capital allocation and technology leadership [6] - Nokia's extensive patent portfolio, which includes around 20,000 patents with 7,000 essential for 5G, is gaining traction among enterprise customers [6]
Nokia selected by CoreSite for routing-based network edge solution to support data-intensive, mission-critical applications
Globenewswire· 2025-05-13 13:00
Press Release Nokia selected by CoreSite for routing-based network edge solution to support data-intensive, mission-critical applications 13 May 2025 Espoo, Finland – Nokia today announced that it has been selected by CoreSite, an American Tower company (NYSE: AMT) empowering critical business and AI workloads that impact everyday life through interconnected data center solutions, to deliver an IP routing-based edge and core network solution across 30 data centers in 11 U.S. markets. Delivering massive scal ...