Nokia is trading 4.5% higher at $10.66, supported by CEO Justin Hotard’s view that AI demand remains strong rather than reflecting overbuilding. - Hotard said the industry could build data centers twice as fast if supply bottlenecks eased; Nokia supplies networking technology connecting data-center chips and facilities. - Major U.S. indices are up more than 0.5% amid easing oil prices and bond yields and optimism about earnings and AI; this backdrop may also be contributing to Nokia’s move.