weilabweilabsupply-chain research
OverviewResearchThemesCompaniesCompareValuationsPricingChat
© 2026 weilab — supply-chain research lab
ComparePricing

companies / NYSE

Nokia

NOKNYSE· FIwww.nokia.com

Finnish networking equipment maker. NVIDIA invested $1B in Oct-2025 (2.90% stake) to co-develop AI-RAN and 6G via the NVIDIA Arc Aerial RAN Computer platform. 2026 Q1 AI+cloud net sales YoY +49%; CAGR guide raised from 16% to 27% through 2028. Also supplies data-center routers/switches to Microsoft Azure and CoreSite.

近 30 天股價

$14.38-13.48%
價格警報

最新估值

$10.50+45.83%
COMPS_PE · 2026-05-24 · medium

## Notes (comps_pe — hybrid blend, top-down EPS anchored) ### Headline - Implied: **USD 7.74 / 10.50 / 21.58** (low / mid / high) - Reference: USD **7.20** → mid upside **+45.83%** - Blended Fwd P/E CY26E: **21.08x** (80% telco median 15.53x + 20% AI-infra median 43.31x) - NOK CY26E EPS: **$0.498** (top-down; consensus market-implied $0.48 at 15.0x; +3.81% divergence) ### Peer cohorts (Q1 2026 spot) | Cohort | Peer | Spot USD | Fwd P/E | Freshness | |---|---|---|---|---| | Telco-eq | ERIC | ~7.10 | 13.63x | stale (sourced from public IR) | | Telco-eq | CSCO | ~62.50 | 16.64x | stale (sourced from public IR) | | Telco-eq | HPE | 37.58 | 15.53x | fresh 2026-05-22 | | AI-infra | COHR | 377.57 | 41.49x | fresh 2026-05-22 | | AI-infra | MRVL | 196.33 | 45.13x | fresh 2026-05-22 | ### Why the asymmetric range - Low $7.74 = telco-only multiple (15.53x × $0.498) - High $21.58 = AI-infra-only multiple (43.31x × $0.498) - Mid $10.50 = 80/20 blended The width directly reflects the central investment debate: does Nokia earn an AI-infra re-rating from the NVDA stake, or does it stay anchored to telco-eq multiples? Today's market price ($7.20) implies "stays telco" + small discount; mid case implies partial re-rating. ### Why blend 80/20 (not 50/50) Nokia FY25 revenue is ~85% telco-eq. Mgmt's raised 27% AI+cloud CAGR through FY28 takes the AI-mix to ~25%. 80/20 is the forward midpoint between today's mix and FY28 mix. A 60/40 weighting would push mid implied to ~$13.70 (+90% upside). ### Anchor — thin Single BOM row: `rubin/nvl72 / AI-RAN baseband (downstream platform)`, which is a downstream-application annotation, NOT a per-rack physical BOM item. Nokia AI-RAN revenue does NOT scale with raw Rubin GPU shipments — it scales with telco adoption of NVIDIA Arc Aerial RAN Computer, which is a separate go-to-market motion. Confidence kept at `medium` not `high` because of this thin anchor. ### Caveats - NOK spot $7.20 is sub-agent estimate (NOK not yet in weilab `stock_quotes`); run `pnpm stocks:refresh` post-this to populate and confirm. - ERIC / CSCO Fwd P/E are sub-agent estimates from public IR (not from weilab fresh quotes); fresh peer prices would tighten the band. - AI-RAN commercial pricing model unproven — T-Mobile / BT / Vodafone in functional-test phase, not commercial deployment yet. The +49% Q1 2026 AI+cloud growth is mostly data-center networking and Azure-related, NOT AI-RAN yet. - NVDA can sell its 2.90% stake at any time; "NVDA-backed" is brand signal not contractual commitment.

看歷史估值 →

在 BOM 上的位置

NVIDIA Vera Rubin · Vera Rubin NVL721 row
  • 1°AI-RAN baseband (downstream platform)· 99%

題材歸屬

  • AI Networking / Optical — NVIDIA 用股權買下一條互連帶(NOK / COHR / MRVL / CRWV)hotPrimary

    Nokia — NVDA 2025-10 投資 $1B (2.90% 股東);2026 Q1 AI+cloud net sales YoY +49%、CAGR guide 升至 27% (to 2028);2026-05 推 multi-rail optical amplifier 40x 密度 / 160 fiber pairs per rack;nvl72 AI-RAN baseband (downstream platform) primary supplier

財報 highlight

期別Revenue (USD)EPS毛利率YoYSource
2026Q1$4.50B—45.4%+2.40%yahoo-finance2
2025Q4$6.13B———yahoo-finance2
2025Q3$4.83B———yahoo-finance2
2025Q2$4.55B———yahoo-finance2

競爭對手

尚未有競爭對手資料。

新聞 timeline

  • Nokia (NOK) — Buy and sell stocks commission-free on Robinhood
    2026-06-08 · robinhood.com

    ![Image 2: Cramer Puts Nokia In Focus As Investors Reassess AI Infrastructure Role](https://images.robinhood.com/VMoSvqbP7h5hCYYQy5EgTcGeIzE/aHR0cHM6Ly9pbWFnZXMuc2ltcGx5d2FsbC5zdC9hc3NldC9pbmR1c3RyeS84MTExMDAwLWNob2ljZTItbWFpbi1oZWFkZXIvMTU4NTE4NjgxMTU2Nw)](https://simplywall.st/stocks/us/tech/nyse-nok/nokia-oyj/news/cramer-puts-nokia-in-focus-as-investors-reassess-ai-infrastr?utm_medium=article&utm_source=robinhood)[24/7 Wall St.1d Jim Cramer Says Nokia Is Back: How a 20-Year Smartphone Casualty Became an AI Infrastructure Play Jim Cramer Says Nokia Is Back: How a 20-Year Smartphone Casualty Became an AI Infrastructure Play By Omor Ibne Ehsan Published Jun 4, 8:45AM EDT Quick Read No... ![Image 3: Jim Cramer Says Nokia Is Back: How a 20-Year Smartphone Casualty Became an AI Infrastructure

  • Nokia Oyj (NOK) Stock Price, News, Quote & History
    2026-06-08 · finance.yahoo.com

    1. [My Portfolio](https://finance.yahoo.com/portfolios/). [Latest](https://finance.yahoo.com/topic/latest-news/). 4. [Stock market](https://finance.yahoo.com/topic/stock-market-news/). 6. [Crypto](https://finance.yahoo.com/markets/crypto/). 1. [Economies](https://finance.yahoo.com/topic/economic-news/). 2. [Earnings](https://finance.yahoo.com/topic/earnings/). 3. [Housing](https://finance.yahoo.com/topic/housing-market/). [Stocks](https://finance.yahoo.com/markets/stocks/). 1. [Most active](https://finance.yahoo.com/markets/stocks/most-active/). 2. [Day gainers](https://finance.yahoo.com/markets/stocks/gainers/). 3. [Day losers](https://finance.yahoo.com/markets/stocks/losers/). 4. [Trending](https://finance.yahoo.com/markets/stocks/trending/). 5. [Highest dividend](https://finance.yahoo.c

  • Nokia Corporation Sponsored American Depositary Shares (NOK)
    2026-06-08 · nasdaq.com

    * [Stocks](https://www.nasdaq.com/market-activity/stocks). * [ETFs](https://www.nasdaq.com/market-activity/etf). * [Indexes](https://www.nasdaq.com/market-activity/indexes). * [Cryptocurrency](https://www.nasdaq.com/market-activity/cryptocurrency). * [Market Data](https://www.nasdaq.com/solutions/data). * [Shares](https://www.nasdaq.com/european-market-activity/shares). * [Indexes](https://www.nasdaq.com/european-market-activity/indexes). * [News](https://www.nasdaq.com/european-market-activity/news/company-news). * [Symbol Screener](https://www.nasdaq.com/market-activity/stocks/screener). * [Earnings](https://www.nasdaq.com/market-activity/earnings). * [Most Active](https://www.nasdaq.com/market-activity/most-active). * [Market & Alternative Datasets](https://www.n

  • NOKIA Stock Price and Chart — OMXHEX:NOKIA — TradingView
    2026-06-08 · tradingview.com

    EN ![Image 1](https://www.tradingview.com/symbols/OMXHEX-NOKIA). * /[NOKIA](https://www.tradingview.com/symbols/OMXHEX-NOKIA/). ## [Key stats](https://www.tradingview.com/symbols/OMXHEX-NOKIA/financials-overview/). ## [Financials](https://www.tradingview.com/symbols/OMXHEX-NOKIA/financials-overview/). Performance[](https://www.tradingview.com/symbols/OMXHEX-NOKIA?solution=43000699485 "Show definition"). [](https://www.tradingview.com/symbols/OMXHEX-NOKIA?solution=43000699498 "Show definition"). ## [Community forum](https://www.tradingview.com/symbols/OMXHEX-NOKIA/minds/). [![Image 21: NYSE:NOK](https://s3-symbol-logo.tradingview.com/nokia.svg)NOK](https://www.tradingview.com/symbols/NYSE-NOK/) — 60-second read What is it today? [See all minds](https://www.tradingview.com/symbols/OMXHEX-N

  • NOK Stock Price | Analyst Target 13.09 & Consensus
    2026-06-08 · etoro.com

    ![Image 5: Buy Nokia Oyj-ADR](https://etoro-cdn.etorostatic.com/market-avatars/nok/150x150.png). ![Image 6: Buy Nokia Oyj-ADR](https://etoro-cdn.etorostatic.com/seo-pages/images/ctaStockPortfolio.png). ![Image 7: Buy Nokia Oyj-ADR](https://etoro-cdn.etorostatic.com/market-avatars/nok/150x150.png). [![Image 8: JDAN.CO Price](https://etoro-cdn.etorostatic.com/market-avatars/13937/150x150.png) JDAN.CO Jeudan AS ‎kr‎209.00 -0.48%](https://www.etoro.com/markets/jdan.co). [![Image 9: 74SW.PA Price](https://etoro-cdn.etorostatic.com/market-avatars/13072/150x150.png) 74SW.PA 74Software SA ‎€‎38.40 +0.52%](https://www.etoro.com/markets/74sw.pa). [![Image 10: MP1.ASX Price](https://etoro-cdn.etorostatic.com/market-avatars/7103/150x150.png) MP1.ASX Megaport Limited ‎A$‎18.28 +10.72%](https://www.etor

Sign in