Halftime Update: NOK - Nokia CorporationNokia brought out of it's current channel, tapping $5.14 before pulling back which we expect it to come back to the $4.53 for another potential entry before it's stronger continuation to the upside within this channel, ultimately heading back to the $6.50 Price Levels.
FINANCIAL NEWS:
Nokia Oyj (NYSE:NOK) shares are trading higher by 6.25% to $5.104 during Monday’s session after the company announced, along with industry leaders, an acceleration of AI-RAN development and will establish an AI-RAN center in the US.
What To Know: Nokia’s stock surged Monday following its collaboration with Lockheed Martin Corp (NYSE:LMT) and Verizon Communications Inc (NYSE:VZ) to integrate its military-grade 5G solutions into Lockheed's 5G.MIL® Hybrid Base Station (HBS).
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Per a Sunday press release, this partnership advances battlefield communications by seamlessly merging commercial 5G with military networks, enhancing situational awareness and decision-making for defense operations. Nokia’s technology will ensure real-time data exchange across defense networks.
What Else: Initial integration tests took place at Verizon’s Boston Innovation Center and Lockheed Martin’s Pennsylvania and Texas facilities, demonstrating successful interoperability with existing military systems.
Plans include further integration at Lockheed Martin's 5G.MIL Experimental Network site in Orlando, leveraging Nokia's 5G to expand tactical communications.
