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yahoo.comSEP 212 min read$NOK

Cramer strongly recommends buying beaten-down 90s tech legend

Nokia (NOK) shares are up over 60% year-to-date due to demand for AI infrastructure. Jim Cramer recommended buying the stock, citing its valuation and AI positioning. Nokia reported Q2 revenue from AI/cloud customers at $509M, with order intake of $3.2B. The company also announced an expanded partnership with Microsoft (MSFT). However, Nokia posted negative free cash flow of $835M in Q2.

Original reporting
yahoo.com
Published Sep 21, 2026, 6:45 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 21, 2026, 7:23 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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Cramer strongly recommends buying beaten-down 90s tech legend — source image
Source · yahoo.com
Decision brief

The 30-second read

$NOKBullishMed
01

Why it matters

The Microsoft partnership and Cramer endorsement provide a fresh catalyst that could accelerate revenue growth, but cash‑flow constraints pose risk.

02

Market read

Nokia's AI‑infrastructure push and high‑profile endorsement could spark broader buying in AI hardware stocks.

03

What to watch

Conversion rate of the €2.8 bn AI order book and timing of Microsoft Fabric adoption are uncertain.

Relevance 7/10Novelty 7/10Timing: today (Sept 17)

Background

Nokia has repositioned toward AI data‑center networking after years of weak smartphone market performance.

Company-level read

Ticker impact

$NOKBullishHigh confidence
Context

Nokia announced an expanded partnership with Microsoft and received a strong endorsement from Jim Cramer, driving a 3.8% share rise.

Expected impact

Potential upside of 10‑15% over the next weeks if order book converts to revenue.

Evidence & confidence

The deal adds a credible AI‑cloud partner and the Cramer endorsement can attract retail inflows, while free‑cash‑flow remains negative, limiting upside.

Market effects

Sector

Strengthens the AI data‑center networking niche, benefiting peers with similar hardware offerings.

Regional

Positive for European telecom equipment makers and Nordic markets.

Global

Highlights growing demand for AI‑ready network gear worldwide.

Counterpoint

What could challenge this read

Free cash flow remains deeply negative and restructuring costs are high; the rally may be speculative.

Key entities

  • company
    Nokia

    Finnish telecom equipment maker (ticker NOK).

  • company
    Microsoft

    Partner integrating Nokia Data Suite with Microsoft Fabric.

  • person
    Jim Cramer

    CNBC host who recommended buying Nokia.

Read at source← All news

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