Nokia (NOK) Stock Drops 10% as Tech Sell-Off Hits AI-Linked Names
TLDR
- Nokia stock fell around 10% on Monday, hitting a low of โฌ8.712 during the session.
- No company-specific news triggered the drop; the move was driven by a broad tech sector sell-off.
- The Nasdaq fell 1.8%, the S&P 500 dropped 0.7%, dragging AI-linked names lower across the board.
- Caution from Nokiaโs India business head over high local component costs added extra pressure.
- Nokia is still up nearly 74% year-to-date, having rallied from a 52-week low of โฌ3.813 to a peak of โฌ14.995.
Nokia (NOK) stock dropped roughly 10% on Monday, trading as low as โฌ8.712, as a broad technology sell-off hit AI-linked names hard across global markets.
The stock opened at โฌ9.24 and quickly moved lower, settling around โฌ8.722 by mid-session. The move wiped out nearly a week of gains in a single day.
There was no company-specific earnings release, analyst downgrade, or corporate announcement to explain the drop. The selling appears to be a direct result of deteriorating market sentiment toward high-momentum, AI-exposed stocks.
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