On July 23, Nokia Oyj rose 3.02% in after-hours trading, trading at $10.56/share, with turnover of $9.11 million.

On the news front, Nokia Oyj released its second-quarter financial report before market open on July 23. The market consensus had projected earnings per share of $0.07, reflecting a year-over-year improvement from the prior quarter's $0.06. Last quarter, the company reported revenue of $5.266 billion, up 13.98% year-over-year, with gross margin reaching 45.50%.

Additionally, Nokia Oyj recently partnered with NVIDIA to launch the industry's first commercial AI-RAN platform, which has demonstrated over 20% spectral efficiency gains. The platform targets 50% improvement by 2027 and over 100% by 2028, adopting a subscription-based software model with pilot deployments starting later this year. The stock had previously declined approximately 19.5% over one week before entering a recovery phase, with the communication equipment sector showing collective rebound momentum.

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