Nokia stock was back on the radar after Jim Cramer told a caller during a recent Mad Money discussion that he thought Nokia was “a winner” and “back,” adding that he could not believe it had finally returned. The exchange came as he was talking through a sell-off in AI-related stocks, and he said Nokia still had “a lot of good technology.”
The comments landed after a caller said Nokia was at a 16-year high and had raised its guidance. On April 15, during the lightning round, Cramer went further, telling Kitty to hold on to Nokia and saying there was another 30% ahead for the stock. He said Kitty had already made a lot of money by buying it and praised the decision to stick with the name.
Nokia Oyj trades on the New York Stock Exchange under the ticker NOK and develops mobile, fixed and cloud network solutions, including 5G, optical and IP network technologies. That makes the company part of a broader market conversation about AI-related stocks, even though its own business is rooted in network infrastructure rather than the chip-heavy names that have driven most of the frenzy.
The friction in the story is the gap between the market mood and Nokia’s profile. The name came up in a discussion shaped by a sell-off in AI-related stocks, yet the company itself is being framed as a legacy tech play with networking exposure, not an AI pure play. That is what makes the call unusual: a stock tied to old-line telecom infrastructure is suddenly being treated as one of the names with room to run.
For Nokia, the next question is whether that momentum can last beyond the attention of one television segment. Cramer’s comments gave the stock a fresh burst of visibility, but the real test is whether investors continue to treat NYSE:NOK as a technology comeback story rather than just a brief trade around a strong move.
