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Nokia's stock has risen significantly, surpassing seven euros, largely due to its partnership with Nvidia and speculation regarding its role in AI infrastructure. The company announced successful tests in an AI-RAN network, which integrates artificial intelligence into mobile networks for optimizing traffic flow.

Nvidia's $1 billion investment in October heightened investor interest, though concerns remain from past acquisitions yielding minimal impact on stock value. Trading volumes have surged, especially from U.S. investors, driven by Nokia's leadership under CEO Justin Hotard.

Geopolitical factors, including Huawei's exclusion from Western markets, have strengthened Nokia's position. Speculation about a potential U.S. acquisition of Nokia exists, though expectations may be overly optimistic amidst rapid AI sector growth.