Nokia is trading at $11.67 (-6.20%) as the stock gives back gains from a recent rally fueled by AI networking optimism and bullish analyst actions.
- Shares fell nearly 8% during the session as investors locked in profits following a period of significant momentum-driven growth.
- A broader risk-off market environment added pressure to tech names, with the S&P 500 down 0.7% and the NASDAQ falling 0.9%.
- The pullback comes after the stock had surged on high expectations surrounding the company's role in AI infrastructure.