TradingKey – Nokia Plummets Over 13%, Dropping Below $10 Again: Has the Current Rally Ended?

On September 15 Eastern Time, Nokia (NOK)’s rebound hit a wall as its stock price plunged 13.3% on the New York Stock Exchange, falling below the $10 mark again to close at $9.65. During overnight trading, Nokia’s stock price rebounded slightly, but by less than 1%, remaining suppressed below $10.

Nokia’s sharp stock price drop this time was not driven by intrinsic factors, but largely by external reasons, mainly including: 1. Industry leaders collectively expressing intent to slow AI development, with industry giants such as Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and xAI CEO Elon Musk agreeing to slow model development; 2. Tightening…