HELSINKI, June 26, 2026, 16:04 EEST
- Nokia slipped to 11.740 euros in Helsinki, off from its last close at 12.185 euros. The OMX Helsinki 25 dropped 1.14%.
- The share was trading roughly 22% under its June 3 intraday peak of 14.995 euros.
- Nokia’s latest deals with AWS, Databricks and the Finnish Border Guard aren’t keeping shares from falling back.
- Nokia will report Q2 and half-year results on July 23.
Nokia Oyj (HEL:NOKIA) dropped in Helsinki on Friday, extending a slide that’s wiped out about 18 billion euros in market value since its peak in early June. The network equipment maker has continued putting out AI-networking updates to investors during this period.
Nokia shares changed hands at 11.740 euros after finishing last at 12.185 euros. Market cap was listed at 66.04 billion euros by Investing.com. Trading on Nasdaq Helsinki was active at the time; exchange hours are 10:00 a.m. to 6:25 p.m. EEST.
The OMX Helsinki 25 dropped 71.71 points, or 1.14%, to 6,146.89, falling harder than the local benchmark, according to Nasdaq index data.
Nokia’s top number is still the 14.995 euro reset from June 3, the high for the period between 05/26/2026 and 06/26/2026. Using Friday’s share price and market cap as a stand-in for the share count, that level works out to around 84 billion euros in market value. At Friday’s price, Nokia is closer to a 66 billion euro market cap. That difference is roughly eight times the 2026 operating profit target midpoint, which Nokia set at 2.0 billion to 2.5 billion euros.
Nokia is now one of Helsinki’s main listed stocks for AI network spending. Back in April, Nokia said AI and cloud sales jumped 49% in the first quarter, now 8% of total sales. CEO Justin Hotard said demand “accelerated significantly.” Nokia lifted its AI and cloud addressable market growth forecast to 27% CAGR for 2025-2028, up from 16% earlier. Nokia Corporation | Nokia
Shares are now priced above theme value. There’s still partnership news out, but the price is moving like the market wants to see details on contract values, backlog conversion, and margins.
Nokia and Amazon.com Inc’s (NASDAQ:AMZN) AWS said June 24 they are stepping up joint work on autonomous networks. Nokia’s Autonomous Network Fabric should land on AWS later this year. “Autonomous networks have gone from far-off vision to business imperative,” said Oguz Sunay, Nokia CTO for AI and Autonomous Networks. Nokia Corporation | Nokia
Nokia and Databricks said on the same day they finished a proof of concept for a single data platform built for autonomous networks. Sunay called it “a big step” toward the kind of data backbone needed for next-generation autonomous networks. Nevash Pillay, who leads global telecom at Databricks, said telecom firms want “a more consistent way to harness their data.” Nokia Corporation | Nokia
Nokia said June 25 its Defense arm joined a Finnish-Nordic group led by the Finnish Border Guard, aiming to build counter-drone tech for patrol vehicles and boats. “Secure connectivity is essential for defense players with fast-moving threats,” said Mikko Hautala, Nokia Defense chairman and chief geopolitical and government relations officer at the company. Nokia Corporation | Nokia
The U.S. line held mostly flat the day before. Nokia’s ADR (NYSE:NOK) added 1.23% to finish at $13.98 on Thursday, logging a second day of gains. Volume, though, was 75.7 million shares, trailing the 50-day average of 118.2 million, MarketWatch data showed.
Nokia is not planning a new product release for its next scheduled event. The company has its Q2 and half-year 2026 report coming up on July 23. Nokia’s Q2 closed window is set from June 23 to July 23.
