Nokia Oyj's stock experienced a significant 24-hour surge of 6.52%, marking a sharp reversal from its recent performance. The movement represents a continued rebound for the telecommunications equipment maker.

The surge appears to be driven primarily by the company's release of its second-quarter financial results. Market consensus had projected earnings per share of $0.07, representing a year-over-year improvement, which likely contributed to positive investor sentiment following the report.

Additionally, investor optimism was bolstered by Nokia's recent strategic partnership with NVIDIA to launch the industry's first commercial AI-RAN platform. The platform has demonstrated over 20% spectral efficiency gains in testing and targets 50% improvement by 2027 and over 100% by 2028. The subscription-based software model, with pilot deployments scheduled to begin later this year, represents a significant growth opportunity for the company.