
NYSE:NOK
This summary was created by AI, based on 3 opinions in the last 12 months.
Nokia (NOK) has made a significant turnaround after previously being perceived as an outdated player in the cell phone market. Over the past year, the stock has tripled, driven largely by its expansion into AI infrastructure, particularly following a partnership with Nvidia, which includes a considerable investment. Nokia's capabilities in transforming cell towers into distributed AI nodes have bolstered its appeal, with impressive growth in AI and cloud net sales reported in the recent quarter. The company aims to increase its operating profit substantially by 2028, though concerns linger regarding its timing in relation to AI market trends and the continued reliance on its legacy telecommunications business. Analysts are cautiously optimistic about Nokia's potential, suggesting a small investment now or a wait for more favorable conditions.
Nokia is a American stock, trading under the symbol NOK (previously NOK-N on Stockchase) on the New York Stock Exchange (NOK). It is usually referred to as NYSE:NOK or NOK
In the last year, 3 stock analysts published opinions about NOK (previously NOK-N on Stockchase). 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Nokia.
Nokia was recommended as a Top Pick by Jim Cramer - Mad Money on 2021-05-21. Read the latest stock experts ratings for Nokia.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Nokia in the last year. It is a trending stock that is worth watching.
On 2026-06-09, Nokia (NOK) stock closed at a price of $13.85.
They once dominated cell phones, then left for dead a long time ago. But NOK has tripled in the past year, because it's become an AI infrastructure story. NOK's hardware allows data centres to move data around networks quickly with low latency. Last October, Nvidia partnered with Nokia to build commercial-grade, AI radio-access networks and will invest $1 billion in Nokia. NOK is up 165% in 6 months. NOK can make every cell tower into a distributed AI node. NOK's AI and cloud net sales in Q1 were up 49% and booked 1 billion euros of AI and cloud orders. Cash flows and revenues are strong. The new CEO is another positive. They target annual comparable operating profit from 2 billion euros in 2025 to 2.7-3.2 billion by 2028. Problem is, he's late to the game and the stock is already up and has an Nvidia halo. Because NOK is tied to AI sentiment, NOK has to deliver. Also, the legacy telco business remains a big part of their business. Telcos are a choppy business. You could buy a small position or wait for a pullback.