Institutions are hyping Nokia like crazy! Bank of America gives 90% upside potential

Who would have thought the old-school Nokia could turn the tide with AI infrastructure amid headwinds?
Bank of America directly raised its target price to $18.5, leaving a whopping 90% upside versus the current price!
In Q2, NOK landed $3.19 billion worth of AI-related orders, far exceeding institutional expectations. No global AI data center can do without its network equipment.
But there’s one obvious shortcoming: global production capacity is tight. A large number of orders will be delivered only in 2027–2028, so near-term performance is slow to materialize.
Long term, the AI computing power expansion is an all-out necessity—but profits can’t be realized immediately in the short term.
Do you think Nokia can break into a long-term bull market, or is it just a short-term theme trade? Chat in the comments!
⚠️News is for market reference only and does not constitute investment trading advice