🔴 NOK is trading 4.5% down today as traders take profits after AI-fueled rally

NOK is trading 4.5% down at $15.71 today as momentum cools following a sharp multi-day run-up fueled by AI optimism.

• The stock is experiencing a natural pullback as investors lock in gains following a surge driven by Nokia’s AI initiatives and bullish technical setups.
• Despite the intraday decline, shares remain well above key moving averages, suggesting the move is a consolidation rather than a trend reversal.
• The price action comes amid a mixed broader market as the recent rally's momentum begins to stabilize.