The Nasdaq rose as quarterly results from SpaceX and Super Micro Computer boosted appetite for AI-linked stocks, while Netflix fell 2.5% after forecasting weaker-than-expected fourth-quarter profit. SpaceX jumped 10.7% after Elon Musk called a merger with Tesla 'a good idea', and posted its first profit as a public company. Super Micro surged 12% after forecasting quarterly revenue and profit margin above estimates, while data centre operator CoreWeave slipped 2.4%. At 9:54 am ET the Nasdaq Composite was up 0.56% at 26,572.61, with Brent crude trading near $110 a barrel.
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.52 |
| Change that session | -0.12% |
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.48 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Nasdaq rises as SpaceX , Super Micro boost AI appetite
The Nasdaq gained as quarterly results from SpaceX and Super Micro Computer boosted appetite for AI-linked stocks, while Netflix slipped 2.5% after a weaker-than-expected fourth-quarter profit forecast. SpaceX shares rose 10.7% after Elon Musk said a merger with Tesla would be “a good idea,” and Super Micro jumped 12% to the top of the S&P 500 after forecasting revenue and profit margin above Wall Street estimates. CoreWeave shares fell 2.4%, suggesting lingering caution after last week's AI-stock selloff. At 9:54 am ET, the Nasdaq Composite rose 0.56% to 26,572.61, the S&P 500 gained 0.23% and the Dow rose 0.17%. Brent crude traded near $110 a barrel, and markets largely expect the Fed to hold rates steady.
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