Nokia Oyj (NYSE:NOK) was among the stocks on Jim Cramer’s Mad Money radar as he discussed the recent sell-off in AI-related stocks. Inquiring about the stock, a caller noted that it is at a 16-year high, the company raised its guidance, and they are in it for the “long-term.” In response, Cramer said:
I think it’s a winner. It’s back. I can’t believe it. It finally did come back. And I gotta hand it to those guys for sticking around because, wow, I think it’s got a lot of good technology.
Stock market data. Photo by Burak The Weekender on Pexels
Nokia Oyj (NYSE:NOK) develops mobile, fixed, and cloud network solutions, including 5G, optical, and IP network technologies. When a caller named Kitty asked about the stock during the lightning round of the April 15 episode, Cramer remarked:
First of all, what Kitty has done here is make a lot of money. Now, there are a lot of people going to play on different predictions stuff and do all sorts of silly things. The fact is, Kitty looked at the situation, she decided she liked Nokia, she bought it. And Kitty, hold on to it, you got another 30% going on there.
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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