On July 31, Nokia Oyj rose 3.91% in regular trading, trading at $9.53/share, with turnover of $126 million. The rally was driven by a dual catalyst: S&P upgraded Nokia's credit rating outlook from \"stable\" to \"positive\" while confirming its BBB- rating, and the company's Q2 earnings significantly exceeded expectations.

S&P cited Nokia's continued business diversification and stable cash flow performance as the rationale for the outlook upgrade, reinforcing market confidence in the company's long-term trajectory. Meanwhile, Nokia's Q2 results released on July 23 showed adjusted comparable operating profit of EUR 4.34 billion, up 18% year-over-year, well above the consensus estimate of EUR 3.82 billion. AI and cloud business orders reached EUR 2.8 billion with sales more than doubling year-over-year, and full-year profit guidance was raised to EUR 2.1-2.6 billion.

The stock had previously experienced a sharp correction from $10.28 following the earnings release due to profit-taking, before rebounding from the $8.48 level. Today's gains suggest the S&P upgrade provided fresh upside momentum atop the ongoing recovery.

(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.)