Nokia Oyj (HLSE:NOKIA) is linked to Nscale's plan to raise about $3.5b in pre-IPO funding for AI infrastructure. Nscale's planned round is expected to test Nokia's role as a supplier of AI infrastructure hardware and related services. Nokia is also a direct investor in Nscale, so the funding outcome could influence future AI infrastructure partnership terms. Nscale's planned $3.5b pre-IPO raise and Nokia's supplier investor role matter; however, investors should weigh Nokia's broader picture too. We have also flagged 3 warning signs (1 major) for Nokia Oyj. For readers looking beyond this single development and toward a wider field of AI infrastructure opportunities, consider exploring 60 AI infrastructure stocks.
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