Nokia Oyj shares managed a modest rebound on Thursday, closing at €11.78 on Nasdaq Helsinki, up 0.34%, after a steep two-day slide that erased nearly 9% of the stock's value. The stabilization comes as investors weigh the company's latest push into artificial intelligence for network operations.
The Finnish telecom equipment maker had fallen sharply earlier in the week, dropping 6.99% on June 9 and another 1.92% on June 10, pulling the stock well off its June 3 high of €14.805. Thursday's uptick, while small, marks a pause in the selling pressure.
In the U.S., Nokia's American Depositary Receipt (ADR) also recovered, rising 1.24% to $13.57 in Thursday trading, after a 3.25% decline on Wednesday. The ADR remains about 23% below its 52-week peak of $17.45, hit on June 3.
Volume on the ADR surged to 184.9 million shares on Tuesday, well above the 50-day average, before slowing to 96 million shares on Wednesday, suggesting some exhaustion of selling interest.
Nokia used the lull to spotlight its technology roadmap, unveiling a new agentic AI framework for its Network Services Platform. The company said the AI-powered troubleshooting agent will provide root-cause analysis and guided workflows for IP networks, with availability planned by the end of 2026.
"The industry is moving quickly toward AI-native operations, but trust remains the deciding factor," said Sasa Nijemcevic, Nokia's vice president, in a statement.
The AI push comes as Nokia's first-quarter comparable operating profit surged 54% to €281 million, beating analyst expectations of €250 million. Sales to AI and cloud customers jumped 49%, and the company raised its 2026 growth outlook for Network Infrastructure to a 12%-14% range.
The broader market was flat, with Finland's OMX Helsinki 25 index closing at 6,243.62, down just 0.35 points. Investors now look ahead to Nokia's second-quarter results, due July 23, with the quiet period starting June 23.
