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Nokia Raises 2026 Profit Guidance on Strong AI and Cloud Demand

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Nokia raised its 2026 profit guidance despite rising chip costs, reflecting continued momentum from infrastructure investments. Second-quarter earnings beat expectations as demand from artificial intelligence and cloud customers helped offset telecom market challenges. Sales to AI and cloud customers more than doubled to €446 million, with €2.8 billion in new orders, leading to an increased full-year operating profit range of €2.1 billion to €2.6 billion.

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