Nokia Oyj (NYSE:NOK) is one of the 10 Best Performing AI Stocks to Buy. On April 9, Jefferies identified a select group of European technology stocks that it believes will outperform in 2026.
The research firm said that “semicap” companies are expected to see a cyclical de-rating after a peak in early 2026. In contrast, analog firms with exposure to industrial and AI markets are entering an upcycle, supported by tight supply and growing prices.
Jefferies pointed out that Nokia Oyj (NYSE:NOK) is expected to re-rate as it improves its position in the AI and cloud markets. This growth is expected to come from its Optical and IP networking businesses. The firm believes that the company could potentially raise medium-term growth expectations, especially as demand for IP switching from hyperscalers increases.
In other news, Nokia Oyj (NYSE:NOK) held its Annual General Meeting on April 9. At the meeting, the Board was authorized to distribute an aggregate maximum of EUR 0.14 per share as a dividend.
Nokia Oyj (NYSE:NOK) is a Finland-based technology company that specializes in telecommunications equipment, AI, networks, and related technologies. The company offers a range of solutions across cloud and network services, mobile networks, and network infrastructure.
While we acknowledge the potential of NOK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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