Nokia's (NOKIA FH) CEO says that data centre business is still mainly in the US, adding that AI is emerging in EU and Asia
Newsquawk Staff ·
Nokia's (NOKIA FH) CEO says that data centre business is still mainly in the US, adding that AI is emerging in EU and Asia.
What it means
This statement from Nokia’s CEO highlights the geographical focus of their data centre business, indicating that it remains predominantly US-based. The mention of emerging AI growth in the EU and Asia suggests potential future expansion opportunities, which could enhance Nokia's strategic positioning in global technology markets. Traders may want to consider how this impacts Nokia's growth narrative and its comparative performance against peers in the technology sector.
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