On June 4, Nokia fell 4% in pre-market trading, trading at $16.04/share, with trading volume of $4.33 million.

On the news front, Nokia had previously surged approximately 18% from its May 29 low of $14.78 to a June 3 intraday high of $17.435, driven by multiple catalysts including NVIDIA's strategic acquisition of approximately 3% of Nokia's shares for nearly $1 billion, the NVIDIA GTC Taipei conference, and strong Q1 earnings showing adjusted operating profit up 54% year-over-year with AI and cloud revenue growing 49%. The rapid appreciation accumulated significant profit-taking pressure, which is now being released. Additionally, Nokia fell 8% in its Helsinki-listed shares on the same day, with European market weakness further weighing on U.S. pre-market sentiment.

Within the Communication Equipment sector, multiple peers declined in tandem: Arista Networks down 3.07%, Lumentum down 2.87%, Applied Optoelectronics down 2.75%, and Ciena down 1.35%, reflecting broad sector pressure that amplified selling in Nokia.

(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.)