Could Nokia Be a Millionaire-Maker Stock?
Amid drastic changes to its business, Nokia (NYSE: NOK) continues to attract investor attention. Once the leading maker of mobile phones, it has redefined itself as a telecom equipment stock in the 5G era. Moreover, it has recently drawn attention from traders on Reddit as a meme stock, in part due to its low per-share price.
Meme stocks do carry some potential for sharp upward moves that traders can capitalize on -- but can this telecom stock generate real wealth for long-term investors?
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