Nokia pivots to mobile networks and data center infrastructure

Nokia has successfully transitioned from its former dominance in the mobile phone market to a focus on mobile network infrastructure. After losing significant market share to smartphone competitors like Apple and Google, the Finnish company pivoted toward providing the underlying technology for mobile networks, such as 5G.

Investment strategists note that Nokia's stock has risen by approximately 500 percent since its downturn in 2012. This growth is attributed to the company's expansion into data center infrastructure and optical solutions, driven by the increasing demand for connectivity and the integration of artificial intelligence.