We recently compiled a list of the Top 9 Trending AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Nokia Oyj (NYSE:NOK) stands against the other AI stocks.
US tech giants appear unfazed by the success of China’s cheap alternative AI models like DeepSeek as they announced roadmaps to invest billions of dollars this year in AI.
On February 10th, US equity features rose, hinting at a rebound from steep losses on February 7th as markets absorbed Donald Trump’s intentions to impose 25% tariffs on all US steel and aluminum imports.
“Risky assets are getting a bit desensitized to Trump’s tariff announcement,” said Mohit Kumar at Jefferies. “Our view in tariffs remains that they will cause volatility, are a negotiating tool and will eventually be not as bad as feared. However, we do see scope for further volatility over the coming weeks, with Europe likely to be the next target.
The gains in US stock futures could signal several buyers seeking to return to the market after the 1% retreat in the S&P 500 late last week.
Elsewhere, TSMC, the biggest contract chipmaker globally, said today that its Q1 revenue could hover at the lower end of its guidance due to $161 million in losses induced by earthquakes in January. Before DeepSeek’s launch, the company stated that its CapEx could touch $42 billion in 2025 due to AI demand.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of 900 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
![Nokia (NOK): StarHub Rolls Out AI-Driven 10 Gbps Fiber Network with Nokia](https://imonkey-blog.imgix.net/blog/wp-content/uploads/2023/10/23030846/NOK-insidermonkey-1698044924186.jpg?auto=fortmat&fit=clip&expires=1770768000&width=480&height=269)
A computer engineer engaging in coding activities in a brightly lit server room.
Nokia Oyj (NYSE:NOK)
Number of Hedge Fund Holders: 16
Nokia Oyj (NYSE:NOK) is a leading networking, software, and hardware provider. The company uses AI in threat detection to automate complex processes and incident response, fortify network security, and enhance customer services facilitated by faster decision-making.
On February 10th, Nokia Oyj (NYSE:NOK) named Intel Corp.’s (NASDAQ:INTC) current head of data center and AI Group, Justin Hotard, as the company’s next president and CEO, effective April 1st. He will replace current CEO Pekka Lundmark, who informed the board of his decision to step down from the helm. However, Lundmark will continue as Hotard’s advisor until the end of 2025.
Overall NOK ranks 5th on our list of the AI stocks investors should not miss. While we acknowledge the potential of NOK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NOK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.