On July 31, Nokia Oyj rose 5.72% in pre-market trading, trading at $9.4406/share, with turnover of $5.3715 million.

On the news front, S&P upgraded Nokia's credit rating outlook from \"stable\" to \"positive\" while confirming its BBB- rating, citing the company's continued business diversification and stable cash flow performance. This upgrade further reinforced market confidence in Nokia's long-term trajectory.

Additionally, Nokia reported strong Q2 results on July 23, with adjusted comparable operating profit reaching EUR 4.34 billion, up 18% year-over-year, significantly beating the market consensus of EUR 3.82 billion. AI and cloud business order intake reached EUR 28 billion with sales more than doubling year-over-year. The company also raised its full-year comparable operating profit guidance to EUR 2.1 billion to EUR 2.6 billion. The stock had previously experienced a sharp pullback following earnings release due to profit-taking pressure, declining over 10% across two sessions before rebounding. The current pre-market strength reflects the combined positive catalysts of the rating outlook upgrade and the ongoing technical recovery from oversold levels.

(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.)