Why Is Nokia Stock Down 8% Today?
2026-01-29 15:32:09 ET
Nokia (NYSE: NOK) shares should seemingly be up today. The Finnish telecom-technology company's fourth quarter revenue grew 3% year over year to $7.13 billion, topping analysts' estimates of $6.95 billion. And, per-share earnings of $0.21 beat estimates of $0.17. Guidance for the year now underway is also encouraging, with the company expecting top-line growth of between 6% and 8%.
As of 3:06 p.m. ET today, however, Nokia's stock is down 8%. What gives?
Blame something unrelated to Nokia's results, mostly. That's Thursday's sweeping sell-off of most of the market's major AI stocks, started and led by Microsoft (NASDAQ: MSFT) . The underlying worry has implications for one of Nokia's newest endeavors.
NASDAQ: NOK
NOK Trading
2.1% G/L:
$7.9999 Last:
24,014,947 Volume:
$7.75 Open:
