10 Best Large Cap Penny Stocks to Buy Under $10

4. Nokia Oyj (NYSE:NOK)

Market Capitalization as of August 5: $22 billion

Share Price as of August 5: $4.09

Number of Hedge Fund Holders: 29

Nokia Oyj (NYSE:NOK) is one of the best large cap penny stocks to buy under $10. On August 5, Nokia announced a partnership with Empyrion Digital, which is a leading digital infrastructure provider in Asia. Nokia will provide its data center gateway and aggregation switches to power connectivity for Empyrion’s newly launched KR1 Gangnam Data Center in Seoul, South Korea.

The partnership will help Empyrion Digital manage growing data traffic and provide high-performance network services to its hyperscale and enterprise customers. Nokia’s IP network solution for the data center includes the 7250 Interconnect Router/IXR, which will serve as data center gateways and core network switches, and the 7210 Service Access System/SAS for access switches.

The technology is designed to improve the reliability, scalability, and operational efficiency of the data center’s interconnect network. Nokia’s strong regional presence and supply chain will be crucial in fast-tracking the deployment and allowing Empyrion to easily upgrade its network in multiple countries.

Nokia Oyj (NYSE:NOK) provides mobile, fixed, and cloud network solutions through four segments: Network Infrastructure, Mobile Networks, Cloud & Network Services, and Nokia Technologies.