CNBC Daily Open: Tech rebounds in the U.S., but Asia isn't buying it yet

Impact · against what's priced in

Most of the tech rebound is tactical and already reflected in valuations, but Nvidia's $10 billion European commitment provides a small fundamental boost to its growth footprint. The oversubscription of the Jio Platforms IPO provides a positive catalyst for its backers, though the impact on the parent companies is marginal.

NVDA+0.20

Challenges what's priced in

The price assumes

The $1 trillion cumulative revenue projection for Blackwell and Rubin architectures