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 “semi-cap” companies are expected to experience a cyclical drawdown after a peak in early 2026. In contrast, analog companies with exposure to industrial and AI markets are entering an upward cycle, supported by tight supply and rising prices.
Jefferies noted that Nokia Oyj (NYSE:NOK) is expected to rerate 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 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 dividend.
Nokia Oyj (NYSE:NOK) is a Finland-based technology company specializing in telecommunications equipment, artificial intelligence, networking and related technologies. The company offers a range of solutions in network and cloud services, mobile networks and network infrastructure.
While we recognize NOK’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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