Nokia (NOK) is Getting More Exposure to AI Spending. Is the Opportunity Bigger than it Looks?

On September 9, Shares of Nokia Oyj (NYSE:NOK) rose 3% to $10.98 following Google's announcement of a €13 billion investment to expand its AI infrastructure and cloud footprint in Hamina, Finland. Google highlighted that its Hamina site, part of a 43-region network, allows local entities like Nokia to deliver high-performance, low-latency services and scale AI solutions. While not a direct contract win, Google's massive capital deployment directly complements Nokia's ongoing pivot toward AI and hyperscaler cloud infrastructure. You May Also Want To Read: Nokia (NOK) Gets a Buy Rating, But Q2 Operating Loss Raises QuestionsNokia Oyj (NOK) Is Getting More Exposure to AI Spending. Is the Opportunity Bigger Than It Looks?