Nokia is trading at $12.37, down 4.1%, as a sharp AI-driven rally leaves the stock vulnerable to profit-taking and a broader rotation out of high-momentum technology names.
- Shares recently hit multi-year highs on strong AI and cloud networking growth and bullish analyst actions.
- Fading AI enthusiasm and valuation concerns are pressuring the stock near elevated levels.
- The decline comes amid a broader tech-sector pullback and a shift away from high-growth momentum stocks.