Nokia's stock prices have recently risen steadily, reaching a new 16-year high since april 2010, with a market value of nearly $55 billion。
This consumer electronic giant, who had fallen down the altar in the wave of smartphones and been labeled “agently”, returned to public view again。
From the kings of the functional age to the “breakers” in the wave of smartphones, nokia seems to have faded out of public view and never left the battlefield。
Step on the ai wind and a new nokia is back。
A hundred years ago
Speaking of nokia, a younger reader might find it strange。
Nokia is hard to replicate in 80 years。
Many of the classic machines are still popular。
In nokia, for example, 1100, which is extremely simple, extremely long, impenetrable, with a cumulative sales volume of over 250 million, has been hailed as “the best-selling mobile phones in human history”。
Nokia 1100
Like nokia n93/n93i, designed with a dv rotation overcap, a professional-level camera, which is referred to as a “portable image monster”。
Nokia n93/n93i
Since 1992, when the global first gsm digital phone was launched, nokia has set off a 14-year-old rule。
At its peak, in 2005, for every 10 mobile phones sold worldwide, 7 were nokia, and the remaining brands (motoola, samsung, lg, etc.) combined accounted for less than 30 per cent。
Nokia at pyramid is the absolute master of electronics for global consumption。
The dramatic and declining turn began in 2007。
Jobos launched the first generation of iphone, google open anjory, nokia bet on windowsphone, and committed a strategic error that eventually led to no return。
In 2013, nokia ushered in a dark moment。
The share of the global smartphone market has fallen to about 3 per cent, falling out of the top five and being left far behind by the samsung, apple and numerous android brands。
The net profit was 12. 7 billion euros, which was more than 70 per cent smaller than the peak period (over 50 billion euros), with a net loss of 1,148 million euros。
The market value has fallen by about 90 per cent compared to the peak market value of over 100 billion euros in 2007。
It was also during that year that nokia sold 5. 44 billion euros to microsoft for mobile phones at a price that was less than a quarter of its peak。
With the sale of the business, nokia initiated massive lay-offs of tens of thousands of people globally。
Former global mobile phone masters have become “failed aristocrats” who sell their bodies and whose future is uncertain, gradually fading away from public view。
In terms of stock price trends, the sale of mobile phone operations in 2013 led to a decade-long decline in shares in nokia america。
Nokia's share price trend
From $6 in 2013, it fell slowly to $3 in 2023。
Until 2024, nokia's stock prices began to rebound, climbing to the nearest $10, a 16-year high。
Nokia, do what right
Super wind
Nokia, step on the ai super vent。
Ai industrial chain, which has been introduced several times before, is simple。
Let's just imagine that the ai industrial chain is like a super factory。
The operation of the plant requires “engine”, or gpu, which is responsible for the training and reasoning of the large ai model, which is at the core of the ai operation。
Ai calculates electricity consumption, which is much higher than that of a small and medium-sized city in a large ai data centre。
In addition, the plant requires a large amount of memory chips for data storage。
In short, storage of chip storage data, gpu consumption of electricity training data, and ai “super factory” is basically operational。
Data centre
This is why gpus, transformers, storage chips are not available and prices are soaring。
Of course, the operation of ai's “super factory” is much more complex than described above。
Large model parameters, for example, range from billions to trillions of dollars, and data volumes range from tb to pb, or even dozens of pbs。
How to transfer between gpu, storage devices
This is one of the core contradictions of the current ai industry chain: the speed of calculations is already high, but the speed of data transmission is not keeping pace。
The most common method is networked, copper cables and pcb lines, which are low-cost, but with limited bandwidth, do not meet pb-level data flow requirements。
At a higher end, the use of high-speed power interconnections such as pci 5. 0/6. 0, infiniband and so forth allows for 200g-800g transmissions, but with high capacity and short distances, it is difficult to extend to the vanka class clusters。
The best solution for the ai computational network is light communication, i. E. The transfer of data by fibre-optic and optical waves。
Don't look at fibre optics, which can be transmitted at 100 tbps in one second (transmitting capacity), equivalent to 1,000 copper cables combined。
Furthermore, the losses during transmission are particularly small, at 0. 2 db per kilometre, and long-range trans-pacific, transatlantic transmission can be achieved without the frequent installation of signal amplifiers。
Nokia light module
If the internet line commonly used in the home is a normal road, then communication alone is a super-high-speed two-way road。
The three advantages of “many and much faster”, of “disturbed and less expensive”, and of “undisturbed and more stable”, constitute an essential link in the ai industrial chain。
At the mouth of ai, light communication has reached the hundreds of billion-class growth path。
Lumentum predicts that by 2030, the total potential market for ai-ray communications will have skyrocketed from $18 billion in 2025 to $90 billion, with an annual compound growth rate of up to 40 per cent, with extremely wide scope for growth。
Capital markets have responded。
For example, lumentum, united states photocommunication, a core supplier of optical components for the british-wida-ai data centre, significantly increased its share price by 70 per cent during the year。
For example, the global light module had a moderate and 50 per cent market rate of 800 g/1. 6t, and the order lined up to the second quarter of 2027, with equity prices increasing significantly by 936 per cent in the past year。
Nokia, an important player in light communications。
In 2025, the market share of the global light network market was as high as 21 per cent, with the second largest sector。
In the next generation of fibre-optic technology, the xgs-pon market, nokia ranked 35 per cent among the highest in the world。
In the view of capital markets, nokia has been transformed from a “telecommunication equipment manufacturer” to an “ai capital core unit”。
In particular, in october 2025, british wida made a strategic investment of $1 billion, and more directly detonated the nokia stock price。
It is no surprise that nokia's stock prices have been innovative。
God's pen
So the question is, how could nokia step on the light-net
Actually, it was a long time ago that nokia was involved in light network business。
Within nokia at that time, light network operations were sold, owing to long investment cycles and slow returns, compared to middle-day mobile phone operations。
After sunset, returning to the “old business” became an option for nokia。
That is why, one month before the sale of mobile phone operations in 2013, nokia purchased the entire shares of nosi communications held by siemens with 1. 7 billion euros, adding the area of telecommunications equipment manufacturing。
At other times, the global telecommunication equipment market was also highly competitive。
China is a long way ahead of alexei, and the gap between nokia and the first two is clear。
Global telecommunications giant 2013 financial report
Nokia considers that it is important both to maintain the fundamentals of living in the market for telecommunications equipment and to find an area where technical barriers are high and where it can take advantage of its traditional advantages。
Connected networks are becoming increasingly important as industrial internet, cloud computing and so on。
Nokia judges that who controls the light network will have the skeleton of the future digital infrastructure。
Nokia has adopted a rather aggressive acquisition strategy for rapid re-entry into light network tracks。
In 2016, nokia purchased alcatel at a cost of 15. 6 billion euros。
Alcatel was born of the well-known bell laboratory, known for holding a large number of patents in the communications industry。
Nokia’s acquisition of alcatel was not only a large-scale benefit, but also the consolidation of patents and the development of moats, as well as the completion of light networks’ technology and market niches, which transformed itself into a global light network core。
In 2024, on the eve of the outbreak of the supercycle of the aclin network, nokia re-emerged to purchase the light network equipment manufacturer infinera for $2. 3 billion。
Photo-networker infinera
Through this merger, the high-speed light transmission of nokiazizi dci, the client of a north american cloud manufacturer, and the three short panels of phosphorus-phosphate chips have jumped to become the second largest player in the global light network and the full-fledged player in the ai calculus network。
Two acquisitions, step by step at the turning point of the times, are strategic。
It is undeniable that, with the loss of mobile phone operations, nokia's collection was no longer in its prime。
In 2025, the battalion received $22. 4 billion, only one third of the $76. 1 billion that peaked in 2007。
The scale is gone, the glory is gone。
In other words, at a time when the core industry had collapsed and had almost been abandoned by the times, nokia had resolutely broken his arm to survive, spent more than a decade sinking his heart to plant telecommunications equipment and become a core player in light communications。
The true king is not a failure, but rather the courage and resilience to reshape the mountain。
The age has taken away the former master of mobile phones, but today's ai capital。
A new nokia, killed back。
