We believe that the market consensus has been too slow to react to the company's revenue potential in AI and Cloud based on the order intake and indications on the strength in the market indicated by optical peers. We would also highlight that Nokia has gained share in IP Networks and the co. indicated that a large part ~40%+ (€1.1bn+) of the orders taken in 2Q26 were IP Networks related driving another leg of the Nokia Infrastructure business growth apart from the already known Optical Networks growth. Tho ...