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NYSE:NOK
This summary was created by AI, based on 3 opinions in the last 12 months.
Nokia (NOK) has seen a remarkable resurgence, tripling in value over the past year as it pivots towards AI infrastructure. Its hardware capabilities allow for efficient data movement, making it a key player in AI radio-access networks, particularly after a significant partnership with Nvidia, which also entails a hefty investment. The company's financials show impressive growth, with recent AI and cloud sales soaring by 49%, and a strong order backlog of one billion euros. Despite these positives and an optimistic profit target from the new CEO, there are concerns about the legacy telco business and market volatility. Experts suggest considering a small position or watching for a price pullback before investing.
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 issued a Buy, Sell, or Hold rating on NOK (previously NOK-N on Stockchase). 3 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating 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 Nokia.
Nokia is followed by 130 investors on Stockchase and is a trending stock that is worth watching.
On 2026-06-15, Nokia (NOK) stock closed at a price of $14.76.
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.