Nokia Corporation (NYSE:NOK) stock is experiencing a minor pullback on Wednesday, cooling off after a massive Tuesday rally that pushed the stock to a new 52-week high.
Nasdaq futures are up 0.52% while S&P 500 futures have gained 0.30%.
What Drove The Tuesday Rally?
The telecom giant’s recent stock surge stems from its aggressive push into artificial intelligence infrastructure.
The company recently launched an AI Networking Innovation Lab focused on developing next-generation, AI-native data center networking solutions alongside partners including Advanced Micro Devices Inc. (NASDAQ:AMD), Keysight Technologies Inc. (NYSE:KEYS), Lenovo Group Ltd (OTC:LNVGY), Super Micro Computer Inc. (NASDAQ:SMCI), WEKA, Everpure and Nscale.
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The company also said it secured FCC approval for its in-home broadband devices, positioning U.S. broadband device deployments to continue “without disruption” and helping keep customer rollouts on track.
Separately, Nvidia Corp. (NASDAQ:NVDA) recently disclosed a $1.86 billion stake in Coherent Corp. (NYSE:COHR), intensifying investor focus on optical and AI networking infrastructure — a theme viewed as a positive sentiment tailwind for Nokia’s networking business.
Nokia Stock: Critical Levels To Watch
NOK is still in a strong uptrend, trading 18.5% above its 20-day SMA ($13.61) and 121.2% above its 200-day SMA ($7.29), which highlights how extended the move has become.
The 20-day SMA remains above the 50-day SMA, and the golden cross that formed in October 2025 (50-day SMA over the 200-day SMA) continues to reinforce the longer-term bullish structure.
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Momentum is the bigger near-term issue: RSI is 75.17.
The most immediate overhead reference is the 52-week high at $16.63, which is close enough to act like a ceiling if traders keep selling into strength.
- Key Resistance: $16.63
- Key Support: $13.61
NOK Stock Price Activity: Nokia shares were down 1.64% at $16.19 during premarket trading on Wednesday, according to Benzinga Pro data.
Photo by Mercurious via Shutterstock
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