Nokia stock closed at $9.73 on Thursday, down 5.35%, its lowest close since April 2026, erasing the 0.618 Fibonacci golden pocket at $10.41. Comparable operating profit rose 18% year-over-year to €434 million, beating the €382 million consensus, while sales to AI and cloud customers doubled to €446 million. CEO Justin Hotard warned that memory shortages may persist into 2027 as AI companies absorb the industry’s DRAM supply and push component prices higher. Nokia stock now trades roughly 44% below its June peak of $17.45, with the next technical support at $8.50, approximately 12.6% below Thursday’s close.
Source: Read the original article
