As a result of nanotechnological advancement, parameters inducing flaws in shape memory polymers (SMP), such as weak mechanical properties, low electrical, and thermal conductivities, and so on, were mitigated through the inclusion of a versatile range of nanomaterials such as montmorillonites, carbon nanotubes, graphene and derivatives, cellulose nanocrystals, carbon nanofibers, and so on, thereby forming shape memory polymeric nanoarchitectures (SMPNs). Hence, this work elucidates most recently emerging advancements on multifunctional SMPNs filled by differing nanoparticulates. Varying multifunctional SMPNs exhibit responsivity to varying forms of stimulation strategies, including thermal responsivity, electroactivated, alternating magnetic field responsivity, light sensitivity, and water induced SMPs. Therefore, this article presents very recently emerging advancements in the construction, characterization, properties, and multifunctional applications of stimuli‐responsive SMPNs, with special emphasis on functional and stimuli‐responsive SMPNs. Furthermore, important functions of SMPNs such as stimuli‐memory effect and self‐mending abilities, as well as prospective strategies for future progress of these materials are highlighted. [ABSTRACT FROM AUTHOR]