Nokia
NOK · NYSE · Technology
$10.68
+$0.08 (+0.75%) today
Market Cap
$59.79B
24h Volume
$1.7B
P/E Ratio
76.3
52w High
$16.85
52w Low
$4.66
Est. AI Revenue
12%
7-Day Sparkline (Static)
Company facts
Performance
About Nokia
Nokia is a Finnish telecom equipment maker that sells the gear behind mobile and fixed networks: radio access equipment, IP routers, optical transport, and network software, plus a patent licensing business built on its research heritage. Most revenue still comes from telecom operators upgrading their networks.
Under CEO Justin Hotard, Nokia is pivoting toward AI infrastructure. It closed its acquisition of Infinera in 2025 to strengthen optical interconnect for data centers, sells routing and optical gear to hyperscalers and neoclouds, and formed a partnership with NVIDIA, which took an equity stake in the company, around AI-RAN and AI networking.
Founded in 1865 and headquartered in Espoo, Finland, Nokia employs about 78,000 people and trades on the NYSE as an ADR.
Nokia in the AI buildout
Nokia sits in the Networking layer of the buildout. AI data centers need massive optical and routing capacity both inside facilities and between them, and Nokia's Infinera acquisition gives it a stronger position in data center interconnect alongside its IP routing platforms. Its NVIDIA partnership extends the story to AI-RAN, embedding AI computing in mobile networks. The pivot is real but early: telecom operator spending, not hyperscaler capex, still drives most of the business.
NOK is tracked in Networking & Optics, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
NOK trades at $10.68, 49% of the way up its 52-week range of $4.66 to $16.85.
Market cap
Market capitalization is $59.79B, with an AI Exposure Score of 45 out of 100.
Valuation vs peers
Its P/E ratio of 76.3 is above the Networking & Optics category median of 61.9.
Next earnings
Nokia is next expected to report earnings on October 22, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Nokia do?
Nokia sells telecom network equipment: radio access gear for mobile operators, IP routers, optical transport systems, and fixed broadband equipment, plus network software and a patent licensing business. Its customers are mainly telecom carriers, with a growing push into data centers and enterprises.
How is Nokia exposed to AI?
Nokia acquired Infinera to target data center optical interconnect, sells routing and optical gear to hyperscalers and neoclouds, and partners with NVIDIA on AI-RAN. Supercycle rates it Growing with an AI Exposure Score of 45 out of 100, since legacy mobile networks still dominate revenue.
Why did Nokia buy Infinera?
Infinera brought advanced optical transmission technology and a strong US customer base in data center interconnect, the links carrying AI traffic between facilities. The deal, closed in 2025, shifted Nokia's optical business toward the fastest-growing buyers of network capacity: hyperscalers and AI cloud providers.
Who leads Nokia?
Justin Hotard became CEO in 2025, joining from Intel where he led its data center and AI group, a signal of the company's pivot toward AI infrastructure. Nokia was founded in 1865 and is headquartered in Espoo, Finland.
Is NOK a pure play AI stock?
No. Supercycle classifies Nokia as Growing. Its data center networking and AI-RAN ambitions are backed by real moves, including the Infinera deal and NVIDIA's investment, but most revenue still comes from telecom operators, so the AI thesis is a pivot in progress.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
Related reading
- What are AI infrastructure stocks? The 12 layers, explained · AI infrastructure stocks are the companies paid to build AI compute: chips, memory, networking, data centers, cooling and power. The 12 layers and the catch.