Is Nokia (NOK) One of the Most Active US Stocks to Buy Right Now?

Nokia (NYSE:NOK) is one of the most active US stocks to buy right now. On April 23, Nokia reported a solid start to 2026, driven by a surge in demand for AI and cloud infrastructure. For Q1, comparable net sales grew 4% year-over-year on a constant currency basis, while comparable operating margins expanded to 6.2%. The company’s growth was led by the Network Infrastructure segment, where net sales to AI and Cloud customers skyrocketed by 49%, now representing 8% of total group sales.

The standout performer was the Optical Networks division, which saw 20% growth in the quarter. The CEO noted that the AI supercycle is accelerating faster than previously anticipated, leading Nokia to raise its 2025–2028 CAGR estimate for the AI and Cloud market from 16% to 27%. To capitalize on this, Nokia is increasing its investments in manufacturing, including a new indium phosphide facility in San Jose, and expects its combined IP and Optical Networks business to grow between 18% and 20% for the full year.

Is Nokia (NOK) One of the Most Active US Stocks to Buy Right Now?

Financially, Nokia (NYSE:NOK) maintained a strong position with a net cash balance of EUR 3.8 billion and free cash flow of EUR 0.6 billion for the quarter. While the full-year comparable operating profit outlook remains between EUR 2.0 and 2.5 billion, management indicated the company is currently tracking toward the upper half of that range. Additionally, the Board resolved to distribute a dividend of EUR 0.04 per share, payable on May 7.

Nokia (NYSE:NOK) currently operates in network infrastructure, technology, and software fields. The company, known for its popular mobile phones in the 2000s, has built the infrastructure behind mobile and fixed networks, including 5G, fiber, cloud, and data center solutions.

While we acknowledge the risk and potential of NOK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NOK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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