Nokia is trading 4.75% down in pre-market at $8.81 after reported operating profit weakened. - On October 22, 2026, comparable operating profit rose 35% to €605 million; sales grew 10%. Reported profit fell 22% to €196 million, with reported margin down to 3.8% amid restructuring and integration costs. - Outlook unchanged. Strong AI and cloud demand; the overnight Supermicro-Nokia-NVIDIA AI-RAN announcement was prior context, not a confirmed explanation. Broad risk-off trading coincided, but sources establish no specific cause.