Netflix shares slump 45% and Nokia slides 7% amid AI and acquisition concerns

Netflix's share price has fallen about 45% over the past year, dropping to roughly $70.90 from a record high of $134.12. The decline follows the streamer’s aborted bid for Warner Bros. Discovery’s movie and streaming assets, a slowdown in projected revenue growth to 13.5% year‑over‑year, and the decision to stop reporting subscriber additions. Analysts warn that higher spending on live sports rights, video podcasts and cloud gaming could compress margins, heightening investor concerns.

Nokia’s stock slipped 7.2% to $12.98, with trading volume well above average. The Finnish firm highlighted new AI initiatives, including a partnership with Google Cloud to embed Gemini AI into its network software and expanded collaborations with AWS and Databricks to build autonomous telecom networks. Nokia’s defense unit also joined a Finnish Border Guard consortium to develop counter‑drone capabilities. Several analysts upgraded the stock, citing potential growth from these AI and defence projects.