On June 5, Nokia fell 3.79% in pre-market trading, trading at $15.94/share, with trading volume of approximately $3.76 million.

On the news front, the decline primarily reflects continued profit-taking following a sharp rally. Nokia had previously surged nearly 18% from its May 29 low of $14.78 to an intraday high of $17.435 on June 3, driven by multiple catalysts including NVIDIA's approximately $1 billion strategic acquisition of a roughly 3% stake, the GTC Taipei conference, and a significant year-over-year increase in Q1 adjusted operating profit. The accumulated gains triggered concentrated selling pressure.

Additionally, the broader communication equipment and optical networking sector remained under pressure. Broadcom's CEO declined to raise AI revenue guidance for fiscal year 2027 despite strong quarterly results, triggering a sector-wide selloff. Peers including Lumentum (-4.35%), Applied Optoelectronics (-4.34%), Ciena (-2.92%), and Arista Networks (-1.84%) all declined in tandem. Nokia's 8% drop in its Helsinki-listed shares further weighed on U.S. market sentiment. With the stock's year-to-date gain exceeding 140%, elevated valuations have heightened market sensitivity to short-term pullbacks.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)