On October 7, Nokia Oyj declined 3.1% in pre-market trading, trading at $10.6199/share, with turnover of $4.3035 million. The move comes despite recent commentary from Chief Executive Officer Justin Hotard emphasizing that AI infrastructure demand remains robust.

Hotard stated in a media interview that without supply constraints, the tech industry would build data centers twice as fast, a remark that initially supported the stock's intraday gain of over 3% during the prior session. He characterized the AI buildout as still in its early stages and dismissed concerns about overbuilding. The current pre-market pullback suggests investors are locking in gains following a sharp run-up of roughly 130% over the past year.

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