On June 4, Nokia fell 6.1% in regular trading, trading at $15.8607/share, with trading volume of $454 million.

On the news front, Broadcom delivered strong quarterly results but its CEO declined to raise AI revenue guidance for fiscal year 2027, triggering a near-14% pre-market plunge that dragged optical communication and communication equipment stocks broadly lower. 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 NVIDIA's nearly $1 billion strategic acquisition of approximately 3% stake, GTC Taipei conference catalysts, and a 54% year-over-year surge in Q1 adjusted operating profit. The accumulated profit-taking pressure intensified during the sector-wide selloff.

Within the Communication Equipment sector, peers declined sharply: Ciena down 16.54%, Arista Networks down 8.68%, Lumentum down 5.75%, Applied Optoelectronics down 3.02%, and Cisco down 1.78%, reflecting broad-based sector weakness that compounded Nokia's correction.

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