Nokia CEO Justin Hotard Predicts Long-Term AI Supercycle Despite Market Bubble Concerns

Oct 23, 2025 07:30 pm CST

Nokia's CEO Justin Hotard compares the current AI boom to the 1990s internet revolution, dismissing bubble fears while highlighting the company's strategic shift toward AI technologies. Following strong quarterly earnings driven by data center demand, Nokia has established a dedicated Technology and AI organization to accelerate innovation after its acquisition of optical networking firm Infinera, marking its biggest transformation since selling its mobile phone business in 2013.