Nokia is trading at $7.92 (-4.12%) in pre-market, tracking a sharp broader market decline fueled by escalating Middle East tensions and the closure of the Strait of Hormuz.
- The pullback follows a 6.99% gain in the previous session to $8.26, which was driven by the commercial deployment of the company's AI-RAN partnership with NVIDIA.
- There is no company-specific news explaining today's drop; the move aligns with significant weakness in the S&P 500 (-1.53%) and NASDAQ (-2.03%).