Nokia Oyj (NYSE:NOK) closed at $10.60 on October 2, having doubled over twelve months. For most of the past decade Nokia was a shrinking business in a brutal industry, selling network equipment to a handful of enormous carriers who squeezed every contract they signed. Then AI data centers started buying optical networking gear, and Nokia happened to make it. So the share price has answered a question the income statement has not. Did the company change, or did the market simply decide to pay more for the same one? READ ALSO: Nvidia (NVDA) Ships an AI Safety Platform After Huang Called Rival Warnings OddNokia (NOK) Has Doubled in a Year. Is the Turnaround Real or Just a Rerating?
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