Skip to contentHome page Seeking Alpha - Power to InvestorsFinlandApr 06, 2026, 6:36 AM ETNokia Oyj (NOK) Stock, NOKBF StockWolf ReportInvesting Group LeaderCommentsSummaryNokia has surged over 100% since August 2025, despite negative earnings growth and weak fundamentals.I view NOK's recent upswing as driven by speculation around AI and cloud, not by sustainable financial results or margin expansion.The Infinera acquisition was costly, dilutive to margins, and has yet to deliver meaningful profit or competitive advantage.I assign NOK a 'HOLD' rating, with a fair value target of $5/share, as current valuation far exceeds justified upside.I do much more than just articles at Wolf of Value: Members get access to model portfolios, regular updates, a chat room, and more.