Jim Cramer on Nokia: “You Might Get a Better, Lower Chance”

Published on June 4, 2026 at 6:58 am by Syeda Seirut Javed in News

Nokia Oyj (NYSE:NOK) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Cramer highlighted the company’s position in AI development, as he said:

Nokia is now a player in the fourth industrial revolution. The first phase is about building giant AI factories. The second phase is about connecting them. Third phase is about pushing intelligence out into the real-world use cases. Eventually, the AI build-out starts to look less like a cloud story and more like a full infrastructure story. That’s why Nokia is back in the conversation because the world moved toward the exact kind of infrastructure that Nokia still understands.

The same DNA that once helped carry phone calls and mobile data can now help carry AI traffic, edge inference, and next-generation telecom workloads. The boring stuff’s become valuable again, the network, the edge, the plumbing. And Nokia has NVIDIA at the table… With solid earnings growth projected, it’s not crazy to think the stock deserves the higher multiple it seems to be getting.

Here’s the bottom line: If you’re willing to do the homework and stay on top of this one, you got my blessing to put in a small position in Nokia, although you might want to wait for a pullback before you pull the trigger on anything more than just a little bit, because we’re beginning to get overbought. In the end, I never want to bet against Jensen Huang, but he did buy Nokia at six bucks, and now it’s at $16, so you can afford to be patient here. You might get a better lower chance.