Nokia CEO says AI investment cycle will continue for 'some time'
On the morning of the Q2 print, Hotard said he is less concerned about an AI bubble than others because demand is strong and supply, not appetite, is the binding constraint.
Justin Hotard
President & CEO, Nokia Corporation (NOK)
The CEO view
President and CEO since 1 April 2025, succeeding Pekka Lundmark. Came from Intel, where he ran the Data Center & AI Group in 2024-25, and before that led HPE's HPC & AI business. Has reorganised Nokia around two segments - Network Infrastructure and Mobile Infrastructure - from 1 January 2026 and made AI and cloud customers the centre of the strategy he set out at the November 2025 Capital Markets Day.
Podcasts, interviews & articles
7 recorded appearances
2026
Nokia CEO Justin Hotard interview: AI-era pivot, Nvidia partnership, Europe
An MWC interview covering the Infinera acquisition, the NVIDIA partnership, and Hotard's argument about what Europe has to do differently to avoid repeating its loss of the smartphone era.
Nokia CEO Justin Hotard on Private Wireless, AI & Infrastructure
Hotard walked Steve Saunders through the decision to put part of the private wireless business under formal review, and argued an ecosystem-led model scales private 5G better than owning it does.
An introduction to MWC 2026 from Nokia's President and CEO Justin Hotard
Three minutes on why networks themselves have to become AI-native rather than just carry AI traffic - Nokia's framing of the shift from connectivity to “connecting intelligence”.
2025
Nokia CEO Is Banking on a Boom in AI
Ahead of the Capital Markets Day, Hotard said Nokia is streamlining down to the networking infrastructure that connects AI data centres - the pitch that became the two-segment reorganisation.
2025 Brooklyn 6G Summit - a Fireside Chat with Justin Hotard and Pallavi Mahajan
Hotard and CTO Pallavi Mahajan laid out the 6G and AI-native network case, including what the NVIDIA partnership is meant to produce, and used the phrase “AI supercycle” that Nokia has run with since.
'AI is a supercycle,' says Nokia CEO
On the day of the Q3 2025 results, Hotard called AI a secular trend rather than a spike and said the long-term prospects are large - five days before NVIDIA's USD 1 billion investment was announced.