24/7 Wall Street
04 Jun 2026, 12:45 UTC · 2h ago
Jim Cramer Says Nokia Is Back: How a 20-Year Smartphone Casualty Became an AI Infrastructure Play
24/7 Wall Street
04 Jun 2026, 12:45 UTC · 2h ago
Story key points
5 claims · impact-rated
NVIDIA entered a strategic partnership with Nokia involving a $1 billion investment at $6.01 per share to target AI radio access and 6G infrastructure. — Direct backing and investment from the primary AI chip leader serve as a massive validation of Nokia's technology and strategic direction.
+0.80Nokia acquired Infinera for $2.3 billion to scale its presence in data center interconnects for the AI capex cycle. — This acquisition fundamentally shifts Nokia's revenue mix toward high-growth AI infrastructure and optical networking.
+0.60Nokia's AI and cloud net sales grew 49% in Q1 2026, with booked orders reaching approximately 1 billion euros. — Strong top-line growth in the AI segment provides concrete evidence that the company's pivot is generating actual revenue.
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Nokia currently trades at a P/E of 100x, with volume ramp for AI-RAN delayed until late 2027. — Extremely high valuation combined with a long lead time for commercial scale increases the risk of a price correction.
-0.40Management guides for a comparable operating profit of EUR 2.0 billion to 2.5 billion in 2026, rising to EUR 2.7 billion to 3.2 billion by 2028. — Clear profitability targets provide a framework for investors to value the company's long-term recovery.
+0.30Ticker attribution
Model heads
Reported successful 170% return on Nokia investment and continued dominance in AI infrastructure partnerships.
Strong YTD growth, strategic pivot to AI infrastructure, and a partnership with NVIDIA, though tempered by high valuation and delayed volume ramp.
Described as the AI networking name dominating screens this month.
Listed as a recipient of NVIDIA's strategic investment in AI infrastructure.
Mentioned as one of NVIDIA's public infrastructure bets, implying a strategic tie-in with the AI supercycle.
Listed as a recipient of NVIDIA's strategic investment in AI infrastructure.
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Schaeffers Research
1h ago
