NOK - Nokia Hopes To Turn Around With AI And 5G Partnerships

2024-06-23 07:44:08 ET

Summary

• Nokia's partnership base is expanding to include prominent AI names like Nvidia, Dell, and Google.
• The partnership network expansion could give Nokia a much-needed boost.
• The new partnerships hold significant potential for growth, but it may take time to impact the company's financials.

Nokia Oyj ( NOK ) investors have been rightfully disappointed by the company's performance in recent years. Every time I read comments under articles on NOK here on Seeking Alpha, I see many people who had once believed in a turnaround but have given up their hope. Even since my last article on NOK from September 2023, in which I reviewed the potential of a recovery in 2024 , the stock has declined another 9%, not considering dividends. Almost one year later, the situation has seemingly worsened as Nokia's revenue has been declining by double digits over the last three quarters....

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