
NYSE:NOK
This summary was created by AI, based on 3 opinions in the last 12 months.
Nokia has experienced a significant turnaround, evolving from its previous struggles in the mobile phone market to becoming an AI infrastructure player, with its stock price tripling in the past year. A strategic partnership with Nvidia, which involves a $1 billion investment to develop AI radio-access networks, has positioned Nokia favorably in the expanding AI and cloud sectors. The company reported solid earnings and revenue growth, particularly in its AI and cloud business, which saw a 49% increase in net sales in Q1. Despite these positive indicators, there are concerns regarding the timing of their resurgence and the volatility of the telecom sector, which still contributes largely to their business model. Investors may consider initiating a position but might also wait for a price correction.
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, 2 stock analysts published opinions about NOK (previously NOK-N on Stockchase). 2 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.
2 stock analysts on Stockchase covered Nokia in the last year. It is a trending stock that is worth watching.
On 2026-06-05, Nokia (NOK) stock closed at a price of $14.38.
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.