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Why Is Nokia Stock Down 8% Today?
['James Brumley', 'Https', 'Www.Facebook.Com Themotleyfool']
The Motley Fool
Nokia (NOK 7.84%) shares should seemingly be up today.
ET today, however, Nokia's stock is down 8%.
It's needed to increase the capacity of mobile networks increasingly being used for data-intensive artificial intelligence applications.
Given that this bullishness was so AI-dependent, however, any worry that undermines artificial intelligence stocks as a group isn't going to exclude this one.
Most artificial intelligence stocks were already overvalued -- the market just needed the right reason to right-price them.