Nokia Taps SAP and Microsoft in Cloud and AI Strategy Push

Nokia Oyj (NYSE:NOK) has entered into partnerships with SAP and Microsoft, signaling a strategic shift toward cloud computing and artificial intelligence. The move comes as the stock has more than doubled over the past year, attracting increased institutional interest.

Partnership Details

Nokia aims to leverage SAP's enterprise software and Microsoft's Azure cloud platform to enhance its network solutions and AI offerings. Financial terms were not disclosed, but the collaborations are expected to accelerate Nokia's transition to digital services.

Investor Support

Separately, David Greenspan's Slate Path Capital increased its stake in Nokia by 7% during the first quarter of 2026, making the stock a 4.3% portfolio weight. The fund considers Nokia among its top picks.

Stock Performance

Nokia shares have surged more than 100% over the past year, driven by improved earnings and a renewed focus on growth areas. Analysts believe the new partnerships could sustain this momentum.

What This Means for Investors

Nokia's tie-ups with SAP and Microsoft underscore its pivot to high-value services. With institutional backing and a clear strategy, the stock may continue to perform well, though execution remains key.