---
title: "NOK Nokia"
canonical: "https://supercyclehq.com/stock/nokia"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "NOK"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Nokia (NOK)

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.

## AI Exposure Score

**45/100, Growing.** Nokia acquired Infinera to attack data center optical interconnect and sells IP routing and optical gear to hyperscalers and neoclouds, with an NVIDIA equity investment cementing an AI-RAN and AI networking collaboration. The thesis depends on that pivot outgrowing the legacy mobile networks business that still dominates revenue.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $8.30 |
| Change 1d | -3.04% |
| Change 7d | -3.94% |
| Change 30d | -21.70% |
| Change 1y | +16.08% |
| 52-week high | $16.85 |
| 52-week low | $5.87 |
| Market cap | $46.5B |
| P/E | 51.88 |
| EPS | $0.16 |
| Next earnings | 2027-01-28 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NYSE |
| Sector | Technology |
| Headquarters | Espoo, Finland |
| CEO | Justin Hotard |
| Employees | 78,005 |
| Website | https://www.nokia.com |
| Buildout layers | [Networking & Optics](https://supercyclehq.com/category/networking) |

## What the company does

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.

## Role 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.

## Tracked investors holding it (13F)

| Investor | Fund | Position value | Portfolio % | Change | Period |
| --- | --- | --- | --- | --- | --- |
| [NVIDIA](https://supercyclehq.com/investors/nvidia) | NVIDIA | $2.2B | 3.48% | unchanged | 2026-06-30 |
| [Gavin Baker](https://supercyclehq.com/investors/gavin-baker) | Atreides Management | $33.5M | 0.30% | increased | 2026-06-30 |

## FAQ

### 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.

---

Source: https://supercyclehq.com/stock/nokia. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.