Jerome Poineau is correct that Ducros' work on "homological properties" of Berkovich spaces gives the most robust and comprehensive approach to these matters. I will give a more direct geometric argument in the setting of rigid geometry to avoid digging far into his paper (wonderful as it is!).
The question posed is a special case of behavior for geometric reducedness (appropriately defined!) in the setting of affinoid algebras, equivalent to reducedness when the ground field is perfect (e.g., characteristic 0) by Lemma 3.3.1 in the paper "Irreducible Components of Rigid Spaces". So it is more natural to pose the question for geometric reducedness and aim to show that geometric reducedness is preserved under such completed tensor products. We may and do extend scalars to a completed algebraic closure of $K$ so that $K$ is algebraically closed.
Hence, now regularity and smoothness at a point of the rigid space
are equivalent (as each may be checked on the completed local ring, which coincides with the completion of the corresponding algebraic local ring).
By excellence of affinoid algebra, the regular locus is Zariski-open and dense in the spectrum of any reduced $K$-affinoid algebra, so there are elements $a \in A$ and $b \in B$ that are not zero-divisors such that the rings $A[1/a]$ and $B[1/b]$ are regular. In particular, by considering completed local rings on the analytic side, we see that $U = \{a \ne 0\}$ and $V = \{b \ne 0\}$ in $X := {\rm{Sp}}(A)$ and $Y := {\rm{Sp}}(B)$ respectively are regular, or equivalently smooth. Hence, $U \times V$ is smooth, so any nilpotent
in the ring $A \widehat{\otimes}_K B$ of global functions
on $X \times Y$ vanishes over $U \times V$.
Thus, it suffices
to show that restriction to $U \times V$ is injective on the ring of global function on $X \times Y$. If we were in usual algebraic geometry
this would be easy since only usual tensor products would intervene, but here we have to contend with completed tensor products.
Observe that $U \times V$ is the complement of the vanishing locus of $f = a \widehat{\otimes} b \in A \widehat{\otimes}_K B$, and $f$-multiplication is injective on $A \widehat{\otimes}_K B$
(since in general completed tensor product of countable type $K$-Banach algebras carries continuous injections with closed image to injections; shouldn't need countable type, I think due to Lazard, but whatever).
Now our problem is reduced (ha-ha) to showing that if $C$ is $K$-affinoid and $f \in C$ is not a zero-divisor then for
$Z := {\rm{Sp}}(C)$, $W := \{f \ne 0\} \subset Z$, if $c \in C$ vanishes on $W$ then $c = 0$. Better yet, without any hypotheses on $f$ not being a zero-divisor, if $c|_W = 0$ then we claim that $f^n c = 0$ in $C$ for some $n \ge 0$. Consider the coherent annihilator ideal sheaf $\mathscr{I} = {\rm{Ann}}_{O_Z}(c)$; this is associated to the ideal $I = {\rm{Ann}}(c) \subset C$. By hypotheses $\mathscr{I}|_W = O_W$, so
${\rm{Sp}}(C/I)$ does not meet $W$, which is to say it is contained in $Z-W = {\rm{Sp}}(C/(f))$ as analytic sets inside $Z$. Hence, by the Jacobson property of affinoid algebras (aka "analytic Nullstellensatz"), some power of $(f)$ is contained in $I$, which is to say $f^n \in I$ for some $n \ge 0$; i.e., $f^n c = 0$ in $C$ as desired.