Nokia Rises 3.93% After Morgan Stanley Upgrade on AI and Cloud Growth Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy NOK?
Source: Yahoo Finance
- Stock Price Increase: Nokia closed at $6.61 on Thursday, up 3.93%, primarily driven by Morgan Stanley's upgrade to 'overweight', reflecting confidence in its AI and cloud growth potential.
- Surge in Trading Volume: The trading volume reached 49.9 million shares, nearly 15% above the three-month average of 43.5 million shares, indicating a significant increase in market interest in Nokia's stock.
- Positive Market Outlook: Morgan Stanley added Nokia to its 'Top Picks' list for 2026, highlighting its successful diversification away from telecom operators, particularly after its $2.3 billion acquisition of Infinera, which bolstered its optical networking capabilities.
- Growth in AI and Cloud Market: Nokia's AI and cloud segment currently accounts for 6% of its sales, with Morgan Stanley projecting a quarterly growth of 1%, and an annual growth rate of 16% through 2028, positioning Nokia as a 'quiet' AI stock to watch.
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Analyst Views on NOK
Wall Street analysts forecast NOK stock price to fall
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 7.890
Low
6.50
Averages
7.36
High
8.50
Current: 7.890
Low
6.50
Averages
7.36
High
8.50
About NOK
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company's businesses include Nokia Networks and Nokia Technologies. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. The Ultra Broadband Networks segment comprises Mobile Networks and Fixed Networks operating segments. The IP Networks and Applications segment comprises IP/Optical Networks and Applications & Analytics operating segments. The Applications & Analytics operating segment offers software solutions spanning customer experience management, network operations and management, communications and collaboration, policy and charging, as well as Cloud, Internet of things (IoT), security, and analytics platforms that enable digital services providers and enterprises to accelerate and optimize their customer experience. The Company has Comptel Oyj among its subsidiaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Surge in Trading Volume: Trading volume reached 60.8 million shares, about 67% above the three-month average, indicating increased market interest in Nokia's stock, possibly linked to profit-taking by investors.
- Institutional Investment Activity: Jefferies Financial Group opened a new position of 955,400 shares in Nokia in Q3, valued at approximately $4.6 million, signaling rising interest from institutional investors.
- Future Outlook: Nokia is set to report earnings at the end of April, with investors keenly watching for progress on 6G networks, AI monetization, and agentic AI developments to assess future growth potential.
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- Surge in Trading Volume: The trading volume reached 60.8 million shares, about 67% above its three-month average, indicating increased market interest in Nokia's stock, potentially linked to institutional investor activity.
- Institutional Investment Dynamics: Jefferies Financial Group opened a position of 955,400 shares in Nokia in Q3, valued at approximately $4.6 million, signaling rising interest from institutional investors.
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- Stock Fluctuation: Nokia's stock closed at $7.80 on Tuesday, down 1.14%, yet remains up 19.82% year-to-date, reflecting market concerns about translating AI investments into revenue growth.
- Surge in Trading Volume: Trading volume reached 60.8 million shares, about 67% above the three-month average, indicating increased market interest in Nokia's stock, possibly linked to profit-taking by investors.
- Institutional Investment Activity: Jefferies Financial Group opened a new position of 955,400 shares in Nokia in Q3, valued at approximately $4.6 million, signaling rising interest from institutional investors.
- Future Outlook: Nokia is set to report earnings at the end of April, with investors keenly watching for progress on 6G networks, AI monetization, and agentic AI developments to assess future growth potential.
See More
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- Stock Fluctuation: Nokia closed at $7.80, down 1.14% on Tuesday, although it remains up 19.82% year-to-date, reflecting market concerns about translating AI investments into revenue growth.
- Surge in Trading Volume: The trading volume reached 60.8 million shares, about 67% above its three-month average, indicating increased market interest in Nokia's stock, potentially linked to institutional investor activity.
- Institutional Investment Dynamics: Jefferies Financial Group opened a position of 955,400 shares in Nokia in Q3, valued at approximately $4.6 million, signaling rising interest from institutional investors.
- Future Outlook: Nokia is set to report earnings at the end of April, with investors keenly watching for developments in 6G networks, AI monetization, and agentic AI to assess the company's long-term growth potential.
See More
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- CoreWeave Revenue Surge: CoreWeave has experienced a surge in demand for its AI-specific cloud infrastructure, with a revenue backlog of $67 billion reported in Q4 2025, up from $55 billion in the previous quarter, indicating a strong market position.
- Funding Challenges Intensify: Despite projections of $12.4 billion in revenue for 2026, a 142% year-over-year increase, CoreWeave reported a negative free cash flow of $4.75 billion in 2025, with liquidity at $3.1 billion, leading to a debt increase from $14 billion to $21 billion, which may hinder future stock price growth.
- Nokia's Strategic Shift: Nokia's partnership with Nvidia to co-develop AI-driven radio access network technologies has provided a competitive edge in the 6G telecom equipment market, with its stock rising over 60% in the past year, reflecting market confidence in its transformation.
- Improved Profit Outlook: Although Nokia's net sales grew only 3% in 2025, it forecasts operating profits between €2 billion and €2.5 billion in 2026, significantly higher than the €665 million reported in 2025, indicating strong growth potential and the likelihood of stock price recovery.
See More
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- Strategic Development Plans: Nscale intends to utilize the proceeds from this funding to advance its AI infrastructure across Europe, North America, and Asia, aiming to enhance infrastructure capacity and expand its engineering and operations teams to support production-scale AI deployments.
- New Board Members: Nscale announced the addition of three new board members, including former Meta COO Sheryl Sandberg, former Yahoo president Susan Decker, and former UK Deputy Prime Minister Nick Clegg, which strengthens the company's governance and execution capabilities.
- Integration Agreement with Aker: Nscale has entered into an agreement with Aker to fully integrate their Aker Nscale joint venture announced in July 2025 into Nscale, ensuring that all projects continue under Nscale's management, further solidifying its market position.
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- Active Stocks: Defiance Daily Target 2X Long HIMS ETF (HIMZ) is up 1.1106 to $2.23 with a trading volume of 31,270,840 shares, representing a 152.22% increase from its 52-week low, reflecting strong market demand.
- HIMS Stock Dynamics: Hims & Hers Health, Inc. (HIMS) is up 7.57 to $23.31 with 12,880,873 shares traded, currently priced at 119.54% of its target price of $19.5, indicating optimistic market expectations for its future growth.
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See More
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- Market Performance: The NASDAQ 100 Pre-Market Indicator is down 91.57 points to 25,002.11, indicating a weak market sentiment that may affect investor confidence and short-term trading strategies.
- Active Stocks: Nokia Corporation (NOK) is down 0.1497 at $8.00 with a trading volume of 1,670,850 shares, currently priced at 110.35% of its target price, reflecting optimistic market expectations for its future performance.
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- NIO Earnings Forecast: NIO Inc. (NIO) is down 0.0801 at $4.76 with 819,688 shares traded, scheduled to report earnings on March 10, 2026, for the fiscal quarter ending December 2025, with a consensus EPS forecast of -0.05, representing a 47% increase over last year.
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