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Nokia CEO Compares AI Boom to 1990s Internet Revolution

Nokia CEO Compares AI Boom to 1990s Internet Revolution

Author:

Global Cryptocurrency

Published:

2025-10-23 20:25:02

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BTCCSquare news:

Nokia CEO Justin Hotard dismisses fears of an AI bubble, framing the current surge as the dawn of a transformative supercycle. His bullish stance mirrors the early days of the internet boom, with Nokia's Q3 adjusted profits exceeding expectations.

"We're at the front end of an AI supercycle," Hotard told Reuters, drawing parallels to the internet's disruptive rise. Market skepticism hasn't dampened his conviction—long-term indicators point to sustained growth, regardless of short-term volatility.

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