Nokia shares fell approximately 10% on Monday to an intraday low of €8.712 after opening at €9.24, later stabilizing near €8.722, as investors reduced exposure to artificial-intelligence infrastructure and technology stocks. The broader move followed comments by Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman and Elon Musk of xAI about the pace and risks of AI development, alongside higher interest-rate concerns. Nokia’s optical networking, IP routing and data-center connectivity products have increasingly positioned it as an AI-infrastructure beneficiary, making the stock vulnerable to the rotation. Comments associated with Nokia’s India division about elevated component costs and supply-chain localization challenges also raised concerns about delays to major orders. The Nasdaq Composite fell 1.8%, the S&P 500 declined 0.7% and the Dow Jones Industrial Average slipped 0.2%. Nokia remained up nearly 74% in 2026, rising from €3.813 to a high of €14.995. The selloff occurred without a Nokia-specific earnings report or analyst-rating change, although the company’s Deepfield Defender security deployment and continued investment in AI, cloud computing and network infrastructure remained positive developments.