Key insights
- The author posits that Nokia and BlackBerry are undervalued AI plays. Nokia is positioned to benefit from AI data center networking and 6G, while BlackBerry is poised to capitalize on AI-driven cybersecurity and autonomous vehicle software. The author suggests that these companies, having rebuilt quietly, may experience a narrative shift, offering potential investment opportunities.
Nokia is building AI-era network infrastructure.
BlackBerry is securing AI-era machines.
That’s the thesis.
Nokia: • AI data center networking boom • Nvidia + AWS partnerships • AI-RAN + 6G positioning • AI/cloud orders surging
BlackBerry: • QNX in 275M+ vehicles • AI-driven cybersecurity demand rising • Autonomous vehicle + embedded software exposure • Turnaround officially “complete”
Both companies spent the last decade getting laughed at while quietly rebuilding.
Now AI may have given both a second life.
Everyone wants “the next Nvidia” but sometimes the real money is made buying hated companies before the narrative flips.
NOK and BB feel exactly like that setup to me.
2030 could look VERY different from today.
Disclaimer: I am long on both NOK and BB and plan to hold through 2030.