Is it time to pay attention to Nokia once again? Once the global leader in mobile phones, Nokia later suffered a dramatic stock market collapse following the arrival of the first smartphones, particularly Apple's.
After trading near its lows for almost 14 years, between 2012 and 2026, Nokia's stock appears to have entered a new long-term uptrend since mid-2025, supported by the company's return to profitability.
Yet almost nobody buys Nokia smartphones anymore. So why is the stock attracting investors again? The answer lies in artificial intelligence.
In reality, Nokia is no longer the smartphone manufacturer the general public knew fifteen years ago. Today, the company is a global leader in telecommunications infrastructure, with businesses focused on 5G mobile networks, fixed broadband networks, optical networking, cloud infrastructure, and software solutions for telecom operators and large enterprises.
The rapid expansion of artificial intelligence represents a new growth opportunity. AI data centers, hyperscalers, and the increasing demand for high-speed connectivity require networks that are faster, more reliable, and more energy-efficient. Nokia provides exactly the equipment and technologies that make this infrastructure possible.
With profitability restored, a healthier balance sheet, and a valuation that remains attractive compared with many technology companies, Nokia is once again drawing the attention of investors. The market now sees a company well positioned to benefit from the major structural trends of the coming years: artificial intelligence, cloud computing, fiber optics, advanced 5G, and eventually 6G.
From a technical analysis perspective, the stock has broken above an exceptionally strong long-term accumulation pattern—a horizontal trading range that lasted 14 years. Such a breakout is one of the most powerful bullish reversal signals in technical analysis. Any pullback toward the former upper boundary of this range, between €8 and €10, should be viewed as a potential buying opportunity, particularly if the stock retests its 200-day moving average.
The chart below shows the weekly Japanese candlesticks of Nokia shares, highlighting the recent breakout above a 14-year trading range that lasted from 2012 to 2026. This is a powerful long-term accumulation pattern marking the end of a bear market.
From a valuation standpoint, Nokia also appears inexpensive compared with its direct competitors.
The table below compares Nokia's valuation with companies operating in the same industry. Nokia stands out as attractively valued based on both its forward P/E ratio and its Price-to-Sales ratio.
DISCLAIMER:
This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only. The presented idea (including market commentary, market data and observations) is not a work product of any research department of Swissquote or its affiliates. This material is intended to highlight market action and does not constitute investment, legal or tax advice. If you are a retail investor or lack experience in trading complex financial products, it is advisable to seek professional advice from licensed advisor before making any financial decisions.
This content is not intended to manipulate the market or encourage any specific financial behavior.
Swissquote makes no representation or warranty as to the quality, completeness, accuracy, comprehensiveness or non-infringement of such content. The views expressed are those of the consultant and are provided for educational purposes only. Any information provided relating to a product or market should not be construed as recommending an investment strategy or transaction. Past performance is not a guarantee of future results.
Swissquote and its employees and representatives shall in no event be held liable for any damages or losses arising directly or indirectly from decisions made on the basis of this content.
The use of any third-party brands or trademarks is for information only and does not imply endorsement by Swissquote, or that the trademark owner has authorised Swissquote to promote its products or services.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts suffer capital losses when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Cryptocurrencies are not considered legal tender in some jurisdictions and are subject to regulatory uncertainties.
The use of Internet-based systems can involve high risks, including, but not limited to, fraud, cyber-attacks, network and communication failures, as well as identity theft and phishing attacks related to crypto-assets.
After trading near its lows for almost 14 years, between 2012 and 2026, Nokia's stock appears to have entered a new long-term uptrend since mid-2025, supported by the company's return to profitability.
Yet almost nobody buys Nokia smartphones anymore. So why is the stock attracting investors again? The answer lies in artificial intelligence.
In reality, Nokia is no longer the smartphone manufacturer the general public knew fifteen years ago. Today, the company is a global leader in telecommunications infrastructure, with businesses focused on 5G mobile networks, fixed broadband networks, optical networking, cloud infrastructure, and software solutions for telecom operators and large enterprises.
The rapid expansion of artificial intelligence represents a new growth opportunity. AI data centers, hyperscalers, and the increasing demand for high-speed connectivity require networks that are faster, more reliable, and more energy-efficient. Nokia provides exactly the equipment and technologies that make this infrastructure possible.
With profitability restored, a healthier balance sheet, and a valuation that remains attractive compared with many technology companies, Nokia is once again drawing the attention of investors. The market now sees a company well positioned to benefit from the major structural trends of the coming years: artificial intelligence, cloud computing, fiber optics, advanced 5G, and eventually 6G.
From a technical analysis perspective, the stock has broken above an exceptionally strong long-term accumulation pattern—a horizontal trading range that lasted 14 years. Such a breakout is one of the most powerful bullish reversal signals in technical analysis. Any pullback toward the former upper boundary of this range, between €8 and €10, should be viewed as a potential buying opportunity, particularly if the stock retests its 200-day moving average.
The chart below shows the weekly Japanese candlesticks of Nokia shares, highlighting the recent breakout above a 14-year trading range that lasted from 2012 to 2026. This is a powerful long-term accumulation pattern marking the end of a bear market.
From a valuation standpoint, Nokia also appears inexpensive compared with its direct competitors.
The table below compares Nokia's valuation with companies operating in the same industry. Nokia stands out as attractively valued based on both its forward P/E ratio and its Price-to-Sales ratio.
DISCLAIMER:
This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only. The presented idea (including market commentary, market data and observations) is not a work product of any research department of Swissquote or its affiliates. This material is intended to highlight market action and does not constitute investment, legal or tax advice. If you are a retail investor or lack experience in trading complex financial products, it is advisable to seek professional advice from licensed advisor before making any financial decisions.
This content is not intended to manipulate the market or encourage any specific financial behavior.
Swissquote makes no representation or warranty as to the quality, completeness, accuracy, comprehensiveness or non-infringement of such content. The views expressed are those of the consultant and are provided for educational purposes only. Any information provided relating to a product or market should not be construed as recommending an investment strategy or transaction. Past performance is not a guarantee of future results.
Swissquote and its employees and representatives shall in no event be held liable for any damages or losses arising directly or indirectly from decisions made on the basis of this content.
The use of any third-party brands or trademarks is for information only and does not imply endorsement by Swissquote, or that the trademark owner has authorised Swissquote to promote its products or services.
Swissquote is the marketing brand for the activities of Swissquote Bank Ltd (Switzerland) regulated by FINMA, Swissquote Capital Markets Limited regulated by CySEC (Cyprus), Swissquote Bank Europe SA (Luxembourg) regulated by the CSSF, Swissquote Ltd (UK) regulated by the FCA, Swissquote Financial Services (Malta) Ltd regulated by the Malta Financial Services Authority, Swissquote MEA Ltd. (UAE) regulated by the Dubai Financial Services Authority, Swissquote Pte Ltd (Singapore) regulated by the Monetary Authority of Singapore, Swissquote Asia Limited (Hong Kong) licensed by the Hong Kong Securities and Futures Commission (SFC) and Swissquote South Africa (Pty) Ltd supervised by the FSCA.
Products and services of Swissquote are only intended for those permitted to receive them under local law.
All investments carry a degree of risk. The risk of loss in trading or holding financial instruments can be substantial. The value of financial instruments, including but not limited to stocks, bonds, cryptocurrencies, and other assets, can fluctuate both upwards and downwards. There is a significant risk of financial loss when buying, selling, holding, staking, or investing in these instruments. SQBE makes no recommendations regarding any specific investment, transaction, or the use of any particular investment strategy.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts suffer capital losses when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Digital Assets are unregulated in most countries and consumer protection rules may not apply. As highly volatile speculative investments, Digital Assets are not suitable for investors without a high-risk tolerance. Make sure you understand each Digital Asset before you trade.
Cryptocurrencies are not considered legal tender in some jurisdictions and are subject to regulatory uncertainties.
The use of Internet-based systems can involve high risks, including, but not limited to, fraud, cyber-attacks, network and communication failures, as well as identity theft and phishing attacks related to crypto-assets.
This content is written by Vincent Ganne for Swissquote.
This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only and does not constitute investment, legal or tax advice.
This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only and does not constitute investment, legal or tax advice.
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This content is written by Vincent Ganne for Swissquote.
This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only and does not constitute investment, legal or tax advice.
This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only and does not constitute investment, legal or tax advice.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。