Jim Cramer Says "Nokia Is Tough Because It's Up Against Apple"

Nokia Oyj (NYSE:NOK) is one of the stocks Jim Cramer offered insights on. During the lightning round, a caller sought Cramer’s opinion on the stock, and he replied:

“Oh, Nokia is tough… Nokia is very tough. And I’ll tell you why Nokia is tough because it’s up against Apple. It’s up against a lot of different great companies. Hey, by the way, Apple was down badly today. I have to tell you, I think this is a pretty good level to buy some Apple, down four bucks. I think, buy a little Apple and then it comes down a little more, buy some more.”

Nokia Oyj (NYSE:NOK) develops mobile, fixed, and cloud network solutions, including 5G, optical, and IP network technologies. During the October 28, 2025, episode, Cramer discussed NVIDIA’s stake in the company, as he commented:

“Nvidia takes a $1 billion stake in Nokia. Yes, Nokia, remember them? That’s a 2.9% stake, 166 million shares at $61. They’re partnering up to work on AI native mobile networks and AI network infrastructure. The goal is to make everything faster. Now, look, I think that’s terrific, but more importantly, if you own Nokia, you just made 23% in one day as the stock roared from $6 and 42 cents to $7 and 77 cents and traded, by the way, as high as $8 and 19 cents.

Now, till today, I don’t think many of us were really paying much attention to Nokia anymore. I certainly wasn’t. It felt like the stock had been left for dead for years. In the year of magical investing, though, the investors who believed that Nokia was more than just a river in Finland, well, they just caught a windfall. It’s incredible, this kind of thing. It’s not supposed to happen.”

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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Disclosure: None. This article is originally published at Insider Monkey.