On June 23, Nokia fell 6.24% in pre-market trading, trading at $13.46/share, with turnover of $4.3483 million.

On the news front, the decline was triggered by concentrated profit-taking after the prior session's rally on Nokia's expanded partnership with Google Cloud was fully digested. On June 22, Google Cloud announced it would integrate its Gemini AI models into Nokia's network software suite, Nokia Assurance Center, driving the stock up over 4% during regular trading. The collaboration will deliver six dedicated AI agents designed to help telecom operators reduce operational costs, rapidly diagnose network faults, and advance network operations toward full automation. The platform is scheduled to launch in September.

However, the positive catalyst was quickly priced in. Combined with a broader downtrend from the June 3 high of $17.435 — during which earlier catalysts including JPMorgan's target price raise to $21 and the California AI network innovation lab launch were also fully absorbed — accumulated profit-taking intensified selling pressure in pre-market trading, extending the stock's pullback pattern.

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