Why Nokia (NOK) Shares Are Rising

Nokia Oyj 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 LMT and Verizon Communications Inc 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.

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How To Buy NOK Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Nokia’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, NOK has a 52-week high of $5.12 and a 52-week low of $3.29.