I was shocked to see this set of data. In the past three years, Nokia's stock price has increased fivefold, reaching a new high after 2010 The market no longer sees it as a company that failed to make smartphones, but has been redefined as part of the AI infrastructure chain Today, Nokia has been a company for 161 years. Initially, it was a paper mill, but in the 1960s, when it transformed into making mobile phones, it was already a century old store Nokia was founded in 1865, that year: The American Civil War has just ended; Edison had not yet invented the light bulb; Humans do not yet have airplanes; · There is no Internet, semiconductor or mobile phone. Nokia's business at that time was papermaking Later on, it transformed into rubber, tires, rain boots, cables, and power infrastructure What many people don't know is that when Nokia entered the electronics and communication industry, it had already been established for almost 100 years Later on, our impression of 'Nokia phone' was actually just a stage in its over 160 year history. But this stage is too dazzling. After 1998, Nokia became the global leader in mobile phones. 3310 N95、 Sliding cover, battery replacement, smashing walnuts It almost defines a generation of mobile Internet portals. At its peak, Nokia's share of Finland's GDP once exceeded 4%, and Nokia accounted for about 70% of Finland's national stock market value, just like BTC's dominance in the cryptocurrency industry today. Then, iPhone and Android arrived. When switching to the era of smartphones, Nokia's response was slow. Everyone knows the story that follows: Microsoft acquisition; The decline of mobile phone business; Tears of the times. Many people thought Nokia was dead. But in reality, it's just another 'species change'. Today's Nokia is no longer a mobile phone company. Its core business has become: 5G/6G communication equipment AI Data Center Optical Network ◦ Submarine fiber optic cable Network infrastructure Communication Patent ◦ Bell Labs In recent years, with the explosion of AI data centers, Nokia has once again gained market attention. Because AI doesn't just require GPUs. We also need: ◦ Optical Network Exchange equipment Data Center Interconnection ◦ Ultra high speed transmission And these are exactly what Nokia excels at. So, this company has gone through many eras: The Industrial Age The Electrical Age In the era of communication The PC era The mobile phone era · Internet era In the era of AI And surprisingly, it is still alive. Even the stock price has recently hit a new 16 year high, although it is far from the historical peak of the Internet foam era Looking back at this journey, Nokia's strength lies in its ability to find a path to enter the next era after each old era, and it is a constantly shedding industrial civilization creature.