Actions of nokia (NYSE: NOK) rose nearly 9% last week thanks to another AI catalyst. NVIDIA (NASDAQ: NVDA) announced a $1 billion strategic investment in Nokia on October 28. While the news itself is impressive, a closer look reveals something interesting.
Retail investors appear to have been on the case before the deal was announced and long before Wall Street’s change of tone. Sentiment towards Nokia was low, at just 41/100 on October 22 and 23, then jumped higher, up to 70-75 a full 4 days before the news broke.
Someone even seems to have turned $400,000 into $4 million in the trade, bravo.
Sentiment has remained high since then, hovering around 81/100. It appears that the market (retail and Wall St. now) sees this partnership as transformative and not simply a one-day narrative.
Reddit sentiment towards Nokia has held steady at 81/100 since the announcement, well above the company’s typical base and above a completely neutral rating of 50/100. So far, the debate over Reddit and X has been substantial and focused on fundamentals rather than narratives or memes. A key post titled “Nvidia takes $1 billion stake in Nokia” garnered 338 upvotes. The publication frames the investment as a validation of the capabilities of Nokia’s artificial intelligence infrastructure.
Investors are excited about:
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Nokia’s 5G and networking software is critical infrastructure for AI and new data centers
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The company’s revenue in the third quarter of 2025 grew 11.6% year-over-year to $4.8 billion.
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Nvidia’s vote of confidence reduces uncertainty about Nokia’s relevance in the AI ​​era
It looks like Nokia is finally ready for a renaissance. Like other older tech companies (looking at you, Intel), it won’t be easy. Nvidia’s investment is the best validation they could hope for today.