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Europe's benchmark just swapped an old auto giant for an AI infrastructure comeback story. Nokia is back in the Euro Stoxx 50. Volkswagen is out. That says a lot about where investors think Europe's future growth is hiding.
Nokia will rejoin the Euro Stoxx 50 before the market opens on September 21, ending a one-year exile from the euro area's blue-chip stock benchmark.
The Finnish mobile network-equipment maker will enter alongside French utility Engie. Volkswagen and Dutch information-services group Wolters Kluwer will drop out.
The reshuffle is more than a quarterly paperwork exercise. Nokia shares have more than doubled over the past year as investors bought into the company's push into artificial intelligence and cloud infrastructure. The group has been shifting more attention toward fiber-optic equipment and network systems used by companies building AI data centers.
#nokia #volkswagen #investors #year
Europe's benchmark just swapped an old auto giant for an AI infrastructure comeback story. Nokia is back in the Euro Stoxx 50. Volkswagen is out. That says a lot about where investors think Europe's future growth is hiding.
Nokia will rejoin the Euro Stoxx 50 before the market opens on September 21, ending a one-year exile from the euro area's blue-chip stock benchmark.
The Finnish mobile network-equipment maker will enter alongside French utility Engie. Volkswagen and Dutch information-services group Wolters Kluwer will drop out.
The reshuffle is more than a quarterly paperwork exercise. Nokia shares have more than doubled over the past year as investors bought into the company's push into artificial intelligence and cloud infrastructure. The group has been shifting more attention toward fiber-optic equipment and network systems used by companies building AI data centers.
#nokia #volkswagen #investors #year
18 hours ago
