Noesion Radarnoesion.ai
Market2026-10-20

Wall Street’s AI relief rally faded overnight. Asian and European tech stocks fell sharply. South Korea’s Kospi index entered bear market territory. Elice, a South Korean AI data center firm, dropped over 30% in its trading debut. Other data center IPOs have been canceled recently. Gartner forecasts most AI markets will consolidate to a duopoly. Neocloud stocks like CoreWeave fell in premarket trade. Goldman Sachs upgraded CoreWeave but HSBC warned of a 36% further drop. Brent crude oil rose to $111 amid Middle East tensions. Nvidia announced $10 billion in investments across Europe. Nvidia also unveiled a new Germany partnership. Netflix and SpaceX are set to report earnings after the market close.

What changed

AI stocks had rebounded on Monday after a recent sell-off.

  • Kospi entered bear market
  • Elice shares fell over 30% on debut
  • Nvidia pledges $10B in Europe
  • Brent crude at $111

Sources

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