Movement Alert｜Nokia Rises 3.1% in Pre-Market Trading, Defense Unit Partners with NestAI to Build AI-Enabled Defense Solutions

Market Focus

Jul 09

On July 9, Nokia rose 3.1% in pre-market trading, trading at $12.34/share, with turnover of $18.05 million.

On the news front, Nokia's defense business unit and NestAI announced they are building artificial intelligence-enabled defense operational capabilities under their technology partnership framework, advancing AI applications in national defense. The collaboration further reinforces market expectations of Nokia's comprehensive AI strategy push — the company has recently secured AI-related partnerships with Amazon AWS, Google Cloud, and SAP, with its AI footprint spanning telecom autonomous networks, enterprise digital transformation, and defense operations.

Notably, Nokia's AI momentum has been building in recent weeks. On June 24, Nokia expanded its AWS collaboration to bring AI-driven autonomous networks to the cloud. On June 22, Google Cloud integrated its Gemini models into Nokia's network software suite. Bank of America recently raised its target price on Nokia from 14.4 euros to 15.6 euros, reflecting growing confidence in the company's multi-domain AI strategy and order pipeline.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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