On June 23, Nokia fell 3.05% overnight, trading at $13.95/share, with turnover of $5.325 million.

On the news front, Google Cloud earlier announced an expanded partnership with Nokia to integrate its Gemini AI model into the Nokia Assurance Center network software suite. The collaboration aims to develop six specialized AI agents to help telecom operators reduce costs and accelerate network fault diagnosis, pushing network operations toward full automation. This news drove the stock up over 4% during regular trading on June 22.

However, the partnership catalyst was rapidly digested within the session. The stock has been in a sustained decline since its June 3 high of $17.435, with previously accumulated bullish catalysts — including JPMorgan raising its target price from $14 to $21 and the launch of its California AI Network Innovation Lab — already fully priced in. Profit-taking pressure resumed in overnight trading as sellers continued to dominate short-term momentum, extending the pattern of rallies being sold into.

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