Jim Cramer on Nokia: “People Are Going Crazy for It”

Nokia Oyj (NYSE:NOK) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. A caller asked about the stock during the lightning round, and here’s what Cramer had to say:

You know what? This is one that it turns out to have, it’s got some AI, so people are going crazy for it, and it’s got the 6G AI. I’m not close enough, but I know that people who are very smart tell me to buy it. That’s not a good way to recommend things, but that’s what I hear, so I’m giving you what I hear.

Photo by Arturo Añez on Unsplash

Nokia Oyj (NYSE:NOK) develops mobile, fixed, and cloud network solutions, including 5G, optical, and IP network technologies. During the May 11 episode, a caller inquired about the stock, and Cramer responded:

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.

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1