15 AI Stocks That Are Skyrocketing

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10. Nokia Oyj (NYSE:NOK)

6-Month Performance: 67.38%

Number of Hedge Fund Holders: 31

Nokia Oyj (NYSE:NOK) ranks among the best AI stocks that are skyrocketing. On February 2, JPMorgan raised its price target for Nokia Oyj (NYSE:NOK) from $8 to $8.20 and maintained its Overweight rating on the stock.

On February 2, TipRanks reported that Grupo Santander also upgraded its rating on Nokia Oyj (NYSE:NOK) from Neutral to Outperform with a EUR 6.40 price target. These updates came after the company’s fourth-quarter results for 2025.

During 2025, Nokia Oyj (NYSE:NOK) focused on improving execution and targeting its long-term opportunities as it repositioned itself. With the acquisition of Infinera, the company strengthened its portfolio and set a clear strategy for how AI is changing the role of networks. At its Capital Markets Day, Nokia Oyj (NYSE:NOK) also announced plans to simplify its operating model into Network Infrastructure and Mobile Infrastructure starting in 2026.

Looking ahead to 2026, Nokia Oyj (NYSE:NOK) aims for disciplined execution to capture growth in AI and Cloud. The company is targeting a comparable operating profit of EUR 2 to EUR 2.5 billion in 2026.

Nokia Oyj (NYSE:NOK) is a Finland-based technology company that specializes in telecommunications equipment, networks, and related technologies. The company offers a range of solutions across cloud and network services, mobile networks, and network infrastructure.

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