Nokia's stock fell 10% after reporting Q3 2026 earnings that beat estimates, driven by strong demand for AI data center equipment. The company saw a 35% rise in operating profit and a 123% jump in AI & Cloud sales, but faced challenges like supply chain constraints and a $401 million restructuring charge. Ericsson's stock declined only 1%, highlighting that Nokia's selloff is company-specific. Nokia expects continued growth in data center orders and aims to increase sales by 20-24% in Q4 2026, but cash flow pressures remain a concern.
As of Oct 22, 2026 22:12 WIB, Nokia's stock on Pluang is trading at USD 8.35, down 9.83% for the day, reflecting a significant selloff consistent with the reported 10% drop. The stock sees a balanced order flow with 51% of activity being sell orders and 49% buy orders. Nokia's market cap stands at $51.74 billion, highlighting its substantial size despite the recent price decline.
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