According to SEB, Nokia has “considerable potential to turn its course” after compelling early 5G development.

The bank does not expect a dramatic earnings report from Nokia and expects the company to keep its guidelines unchanged.

Nokia's share price rose 8 percent to 3.66 euros in the afternoon.

The stock has also spoken on the forum in recent days with a WallStreetBets subdivision focused on investing in Reddit, followed by about 2.1 million users.

The users of the column tend to invest in popular stocks in the column with a very high risk, which may have contributed to Nokia's share price.