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Nasdaq tech stocks rebound led by Nvidia and Tesla; Asia tech markets fall amid IPO buzz in India.

Market News
20 Oct 2026
CNBC
View Source
Bullish
Nasdaq tech stocks rebound led by Nvidia and Tesla; Asia tech markets fall amid IPO buzz in India.

The Nasdaq Composite rose over 1% led by gains in tech giants Nvidia, Tesla, and Alphabet, signaling a cautious return of investor confidence in U.S. tech stocks after recent sell-offs. In contrast, Asian tech markets declined sharply, with South Korea's Kospi down more than 4% and Japan's Nikkei 225 falling 1.6%. Nvidia announced a major $10 billion investment in European AI startups, including backing four German firms, highlighting its commitment to the continent's tech growth. Meanwhile, Asia sees growing IPO activity, exemplified by India's Jio Platforms IPO, which was oversubscribed over 30 times, attracting major global investors. This mix of regional market divergence and strong IPO interest underscores shifting dynamics in global tech investment.

Nvidia trades at USD 217.30 with a slight 0.10% gain on Pluang as of Oct 20, 2026 14:11 WIB. Tesla is priced at USD 367.38, down 0.18%, while Alphabet holds steady at USD 344.54 with a 0.10% rise. These tech giants show mixed moves on Pluang, reflecting cautious investor sentiment amid global tech market shifts.

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