10 Best Performing Quantum Computing Stocks in 2025

7. Nokia Oyj (NYSE:NOK)

Number of Hedge Fund Holders: 31

Year-to-Date Performance: 47.76%

Nokia Oyj (NYSE:NOK) is among the Best Performing Quantum Computing Stocks in 2025. On December 19, J.P. Morgan analyst Sandeep Deshpande maintained a Buy rating on the stock with a price target of €6.90. On the same day, Raymond James also reiterated a Buy rating on Nokia Oyj (NYSE:NOK) and raised the price target from $6.50 to $7.

Analysts at Raymond James noted that they based the bullish rating on the projected mid-single-digit sales growth for the company in 2026 and 2027. The firm added that one-third of this growth is expected to come from the company’s IP and Optical segments, which are currently growing by mid-teen percentages. Moreover, Raymond James believes that Nokia Oyj (NYSE:NOK) also has a “seat at the table” in the AI market, despite the company lacking the premium valuations of pure-plays like Ciena in optics or Arista in switching.

That said, earlier on December 4, Nokia Oyj (NYSE:NOK) announced its partnership with Bharti Airtel, which is India’s largest telecom operator, to make its network available to third-party developers through the company’s Network as Code platform with a developer portal. Management noted that the platform acts like an app store for networks, allowing developers to access Airtel’s infrastructure through APIs.

Nokia Oyj (NYSE:NOK) is‍ a‌ global telecom company focused on building the infrastructure behind mobile and fixed networks, including 5G, fiber, cloud, and data center solutions. The company’s quantum initiatives span four key areas including Quantum Security, Computing, Networks, and Sensing.