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.

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