Huang: AI will augment, not replace, software amid tech selloff
TL;DR
Nvidia CEO Jensen Huang dismissed fears that AI will replace software, arguing AI will rely on software tools rather than reinventing them, even as software stocks drag tech shares lower. Speaking at a Cisco AI event tied to CES 2026, he described software as a tool for AI and pointed to ServiceNow, SAP, Cadence, and Synopsis as bright spots, even as the iShares Expanded Tech-Software Sector ETF falls about 4% and the sector remains in a bear market amid a broader market rotation. Stocks like Palantir, Applovin, Unity Software, and Hut 8 faced declines in Wednesday trading.
- Nvidia boss Jensen Huang says AI-replacement fears tanking software stocks is the 'most illogical thing in the world' Business Insider
- AI Won’t Kill the Software Business, Just Its Growth Story The Wall Street Journal
- Here's what smart people are saying about recent fears of a software apocalypse Business Insider
- ‘Let a thousand flowers bloom,’ Jensen Huang says. Demanding ROI from AI is like forcing a child to make a business plan for a hobby Fortune
- Nvidia CEO: Software Selloff ‘Most Illogical Thing in the World’ Bloomberg.com
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