Jim Cramer on Nokia: “It’s a Buy”

Nokia Oyj (NYSE:NOK) was one of the stocks on which Jim Cramer shared his take, explaining that dot-com analogies do not hold up in this market. When a caller inquired about the stock, Cramer said:

Wow, okay, it’s in the data center. It’s considered to be part of, the cloud part of that… layer cake that I gave you, and it’s just also got a great defense contract. So it’s got the cloud, and it’s got defense. What can I say? It’s a buy.

Nokia Oyj (NYSE:NOK) develops mobile, fixed, and cloud network solutions, including 5G, optical, and IP network technologies. Answering a caller’s query about the stock during the April 28 episode, Cramer commented:

I think it’s a winner. It’s back. I can’t believe it. It finally did come back. And I gotta hand it to those guys for sticking around because, wow, I think it’s got a lot of good technology.

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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