On July 2, Nokia fell 3.09% in pre-market trading, trading at approximately $12.50/share, with turnover of $1.3825 million.

On the news front, major asset manager FMR LLC has reduced its voting rights in Nokia to below the 5% threshold, sending a sustained institutional de-risking signal that continues to weigh on market sentiment. Nokia had previously entered a sell-the-news pattern following the announcement of AI network partnerships with Amazon Web Services and Google Cloud in late June, with cumulative losses exceeding 15% between June 26 and June 29. Profit-taking from those gains continues to drive selling pressure.

Meanwhile, the broader Communication Equipment sector remains under pressure. Among sector peers, Applied Optoelectronics fell 4.68%, Lumentum declined 2.99%, Ciena dropped 2.25%, and Arista Networks lost 1.04%, with only Cisco posting a marginal gain of 0.15%. The sector-wide linkage effect further amplifies downside momentum for Nokia.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)