NOK Stock: From $4.70 To $4.78 (1.7% Increase) Pre-Market Explanation

By Amit Chowdhry ● May 5, 2021
  • The stock price of Nokia Oyj (NYSE: NOK) increased from $4.70 to $4.78 (up 1.7%) pre-market. This is why it happened.

The stock price of Nokia Oyj (NYSE: NOK) increased from $4.70 to $4.78 (up 1.7%) pre-market. Investors are responding positively to the company announcing the launch of Nokia Data Marketplace as-a-service to facilitate secure sharing of data and AI models, enabling digital transformation and data monetization for enterprises.

And as data volumes continue to surge, AI, and machine learning are increasingly crucial in business decision making. The Nokia Data Marketplace is designed to help enterprises and communications service providers (CSPs) use data in strategic decision making, by providing real-time access to massive trusted datasets. The new service also enables enterprises and CSPs to become data marketplace providers themselves by monetizing data exchanges between customers or business ecosystem participants.

The Nokia Data Marketplace will ensure trusted data exchange and authorization mechanisms. And this enables a wide range of vertical use cases, including electric vehicle charging, environmental data monetization, supply-chain automation and preventative maintenance powering numerous vertical segments, including transportation, ports, energy, smart cities and healthcare.

KEY QUOTE:

“Our customers need secure and trusted access to data for effective business decision making. With Nokia Data Marketplace, enterprises and CSPs can now benefit from richer insights and predictive models to drive digital ways of working and tap into new revenue streams.”

— Friedrich Trawoeger, Vice President, Cloud and Cognitive Services at Nokia

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.