Which of the following could explain the peaks observed in the Google Trends graph for the term "Nexus"?

The option regarding a new Nexus device being released aligns well with the characteristics of Google Trends data. Peaks in search interest often correlate with significant events or announcements, such as the launch of a new product. When a new Nexus device is introduced, it tends to generate excitement and curiosity among consumers, prompting increased search queries. This spike in interest reflects heightened consumer engagement and awareness associated with the launch, which is likely to be captured in the Google Trends graph as a noticeable peak.

The other options suggest a decline in interest or popularity, which would not typically result in peaks in search data. When interest dwindles or popularity decreases, one would expect to see a gradual decline in search volume rather than sharp increases. Thus, the occurrence of a new product release stands out as a valid explanation for the observed peaks.