Nokia (NYSE:NOK): Rising Stock and New Partnership

Nokia Oyj (NYSE:NOK) is currently considered one of the best 12 dividend stocks in Europe. Deutsche Bank raised its price target for Nokia to EUR 6.75 on November 11 and continues to rate the stock as 'Buy'.

Since the beginning of 2025, the stock price of Nokia Oyj has increased by more than 48%. This rise is attributed to the strong earnings reported by the company at the end of October, as well as the announcement that Nvidia will invest $1 billion in the company.

Furthermore, Nokia Oyj has formed a new partnership with Latvia Mobile Telephone (LMT). LMT is the largest mobile operator in Latvia and is recognized as a significant technology provider in the defense sector. The two companies will combine Nokia’s advanced 5G radio technology with LMT's defense capabilities to create secure and high-capacity tactical communication systems tailored to regional needs.

Nokia Oyj is a global telecommunications company focused on building the infrastructure for mobile and fixed networks. These structures encompass 5G, fiber, cloud, and data center solutions.

However, while we acknowledge NOK’s potential as an investment, we believe that some artificial intelligence stocks may have higher growth potential and less risk. If you are looking for a highly undervalued AI stock with significant potential to benefit from Trump-era tariffs and reshoring trends, we recommend checking out our free report on this topic.