Jim Cramer on Nokia: 'Hold on to It, You Got Another 30% Going on There'

by : Dave Ramsey

During a recent broadcast of Mad Money, renowned financial expert Jim Cramer provided his insights into Nokia Oyj, a prominent telecommunications company. He specifically addressed an investor, referred to as Kitty, who had previously invested in Nokia, and encouraged her to retain her shares, foreseeing a potential 30% increase in value. Cramer lauded Kitty's initial investment decision, emphasizing her acumen in identifying the stock's potential. However, he also broached the subject of Nokia's competitive challenges within the industry, particularly in relation to tech giants like Apple. Despite this, he subtly hinted at other artificial intelligence (AI) stocks that, in his view, could offer more substantial growth prospects with reduced risk, aligning with current market trends influenced by factors like trade policies.

Jim Cramer Predicts 30% Upside for Nokia Amidst Market Rotation

In an engaging segment of Mad Money on Friday, April 17, 2026, financial titan Jim Cramer offered a compelling outlook on Nokia Oyj (NYSE: NOK). As the show's "lightning round" drew to a close, a caller's query regarding the state of Nokia stock prompted Cramer to deliver an optimistic assessment. He commended an investor, affectionately named Kitty, for her shrewd decision to invest in Nokia, acknowledging her significant gains. Cramer's advice to Kitty was unequivocal: "Hold on to it, you got another 30% going on there," signaling a strong belief in the company's continued growth trajectory.

Nokia Oyj, a global leader in telecommunications, specializes in developing cutting-edge mobile, fixed, and cloud network solutions, including advanced 5G technology, optical networks, and IP networking. However, a separate inquiry during the January 5 episode of Mad Money presented a more nuanced discussion. When asked about Nokia's prospects, Cramer candidly remarked, "Oh, Nokia is tough... Nokia is very tough. And I’ll tell you why Nokia is tough because it’s up against Apple. It’s up against a lot of different great companies." This statement underscores the intense competitive pressures faced by Nokia in the rapidly evolving tech landscape. Ironically, in the same breath, Cramer also highlighted Apple's stock performance, advising viewers to consider buying Apple shares on dips. He observed Apple's significant decline on that particular day, suggesting it presented an opportune moment to accumulate the stock gradually.

While acknowledging Nokia's inherent investment potential, Cramer also subtly redirected attention towards other opportunities. He posited that certain AI stocks might offer more lucrative upside potential with comparatively lower downside risks. He specifically alluded to an "extremely undervalued AI stock" that stands to gain substantially from trade tariffs and the ongoing trend of reshoring manufacturing. This suggests that while Nokia remains a viable option, investors seeking aggressive growth with mitigated risk might explore these alternative AI-focused investments.

The insights from Jim Cramer highlight the dynamic nature of the stock market and the importance of continuous evaluation. His dual perspective on Nokia—optimistic for existing holders yet cautious about its competitive environment—serves as a reminder for investors to balance potential gains with inherent risks. Furthermore, his emphasis on emerging AI opportunities underscores the ever-present need to adapt investment strategies to new technological frontiers and macroeconomic shifts. Investors should consider a diversified approach, weighing the potential of established players like Nokia against the disruptive potential of innovative AI companies, always keeping an eye on broader market trends and expert analyses.