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The Latest Breaking News from Justin Hotard

Nokia says AI, cloud boosted sales in second quarter

Finnish telecommunications equipment maker Nokia said that demand for its AI and cloud services drove sales higher in the second quarter, but restructuring charges ate into earnings. "In the second quarter, our AI and cloud order intake was 2.8 billion euros while sales more than doubled year-on-year," said CEO Hotard.

The Economic Times

Global Market: Nokia Q2 profit beats estimates on strong AI, cloud demand; raises full-year outlook

Nokia reported stronger second-quarter earnings, surpassing analyst expectations significantly. Robust demand from artificial intelligence and cloud customers fueled this positive financial performance. The company's sales to AI and cloud clients doubled, securing substantial new orders. Despite rising chip costs, Nokia raised its 2026 profit guidance. This outlook reflects sustained momentum…

The Economic Times

Nokia Stock May Be the Most Attractively Priced Way to Bet on AI Infrastructure

Nokia has extended its deal with Google cloud to embed Gemini AI agents into its network operations.

Barchart

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Nokia is splitting off its AI business, weeks after $1bn Nvidia investment

Nokia has divided itself into three sectors, including a new arm focused on developing future AI mobile networks.

TechRadar

Nokia Shares Surge 26% After Nvidia Buys $1 Billion Stake in 5G Gamble

Nvidia invests $1 billion for a 2.9% stake in Nokia, driving a 26% stock surge as the firms unite on AI and 6G technology.

International Business Times UK

Intel Xeon chief architect leaves just 8 months after appointment — Ronak Singhal latest departure in ongoing shakeup

Ronak Singhal, Intel Xeon chief architect, departs from the company just eight months after his appointment and after 28 years at the company.

Tom’s Hardware

Intel's head of datacenter and AI unit leaves to lead Nokia

Justin Hotard joins Nokia as its next CEO, barely a year after he joined Intel.

Tom’s Hardware

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Nokia hires first American-born CEO as Finnish group pivots to AI boom

Nokia has appointed Intel's AI exec Justin Hogard as it seeks to arrest stagnant revenues.

Fortune

Intel loses another top exec as Nokia poaches AI and data center chief as new CEO

Nokia CEO Pekka Lundmark is stepping down, with the company announcing a former Intel executive as his replacement.

TechRadar

Nokia CEO Lundmark To Be Replaced By Intel AI Chief Hotard

Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US chip-maker Intel.

International Business Times

Intel appoints new head of data center and AI group as it prepares to spin off ex-Altera FPGA unit

Intel appoints HPE veteran Justin Hotard to lead Data Center and AI Group.

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