Nokia CEO: data centers would be built '2x faster' without supply constraints

Nokia CEO Justin Hotard told CNBC that AI infrastructure demand remains strong and customers would build data centers twice as fast without supply constraints. He said growth can continue even without new frontier models, driven by deploying existing technology.

• Hotard: without supply limits, data centers could be built 2x faster
• Memory chip and energy shortages are the main constraints
• Nokia supplies in-rack and inter-data-center connectivity technology
• Nokia stock is up about 130% over the past year