Quick Read – For nearly a decade, Nokia (NOK) was the patience trade nobody wanted, but the Finnish company has gone from dead money to AI darling. – Almost all its substantial five-year gain came in the past 12 months as the AI thesis took hold, and the story going forward…
oks compelling. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Nokia didn’t make the cut. Grab the names FREE today
From Dead Money to AI Darling For most of the past decade, Nokia (NYSE: NOK) was the patience trade nobody wanted. The Finnish telecom equipment maker spent years restructuring under former CEO Pekka Lundmark, cutting costs, and watching Ericsson, Huawei, and Samsung carve up the 5G market while shareholders received a thin dividend and not much else. The pivot started in 2024 with the announcement of the acquisition of Infinera, a U.S. optical networking player that gave Nokia real exposure to data center connectivity.
The deal closed in February 2025, and weeks later Justin Hotard, a former Intel data center executive, took over as CEO and repositioned the company around an “AI connectivity supercycle.” The real catalyst came in Q4 2025, when Nvidia made a $1.0 billion equity investment alongside an AI-RAN partnership. The stock reached three-year highs, and the narrative shifted. Your $1,000, Three Different Stories Here is what $1,000 invested in Nokia would be worth as of May 27, 2026: Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Nokia didn’t make the cut.