
NYSE:NOK
This summary was created by AI, based on 3 opinions in the last 12 months.
Nokia (NOK) has made a remarkable comeback in the past year, tripling in value largely due to its pivot towards AI infrastructure, which is critical in enhancing data center efficiency. The company has seen substantial growth in its AI and cloud businesses, with a 49% increase in net sales and a significant order intake of 1 billion euros in Q1. The partnership with Nvidia, which involves a $1 billion investment, further solidifies Nokia's position in the AI radio-access networks market. While the new CEO sets ambitious profit targets, the lingering legacy telco business poses risks due to its inherent volatility. Despite the stock’s impressive rise, analysts remain cautious about the future, suggesting potential investors consider waiting for a pullback before entering the market.
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 2026-07-02, Nokia (NOK) stock closed at a price of $12.06.
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.