Jim Cramer put Nokia back on traders’ screens on May 11, telling viewers on a lightning-round segment that the stock was a buy because it has AI exposure, 6G AI exposure and even a place in the cloud and data-center trade. For anyone watching Nok stock, that was enough to make the Finnish network maker part of a much hotter conversation.
The call came during a question about Nokia Oyj, which trades on the NYSE under the ticker NOK. Cramer said the company was drawing attention because “people are going crazy for it,” a reaction he tied to the way investors have been hunting for anything connected to AI, 6G and the infrastructure behind both. He framed Nokia as more than an old telecom name, saying it sits in the data center and cloud “layer cake” he has been describing on the show.
That framing matters because Nokia does not sell a consumer gadget or a flashy app. It develops mobile, fixed and cloud network solutions, including 5G, optical and IP network technologies. In market terms, that puts it in the path of spending tied to data traffic, cloud buildouts and the long runway toward 6G, the kind of backdrop that can push a stock from overlooked to traded on narrative as much as on near-term numbers.
Cramer also said he had heard from “very smart people” that Nokia should be bought, even while admitting he was not close enough to the company himself. That gap is the sharpest part of the remark. He was not offering a deep company-by-company breakdown or a fresh earnings read; he was passing along a bullish view from others he trusts and treating that as enough to call it a buy. In the same breath, he added that Nokia also has a “great defense contract,” which gave him another reason to like the name.
That combination — AI, cloud, data-center and defense exposure — is what could keep Nokia in front of retail investors after the segment aired. But Cramer’s own caveat matters too. He was explicit that his enthusiasm was secondhand, not a claim that he had done a full bottom-up review of Nokia’s business. What comes next is whether traders decide the stock deserves the attention he is giving it, and whether NOK gets a lasting lift from a TV endorsement built as much on theme as on hard conviction.
