Nokia Oyj (NOK) Reboots for the AI Supercycle: New Strategy, 2028 Profit Target and Deep Restructuring Shake Markets
Nokia shares fell nearly 8% in Helsinki and over 8% in New York on Wednesday after the company unveiled a new AI-focused strategy and set a 2028 profit target of €2.7–3.2 billion, up from about €2.0 billion currently. The overhaul includes major operating model changes and targets higher margins in network and mobile infrastructure.