Nvidia's Jensen Huang thinks markets “got it wrong” on software stocks sell-off
Nvidia CEO Jensen Huang said markets have misjudged AI’s impact on software firms in a CNBC interview on Wednesday, hours after the chipmaker reported better-than-expected Q4 results and strong sales outlook for the current quarter.
So far this year, a slew of software stocks, like Adobe, DocuSign, and Workday, have cratered amid mounting concerns that AI agents would eventually displace traditional enterprise software models.
Huang, however, said he believes “the markets got it wrong,” describing agentic AI as “tool users” of existing software rather than a threat to it.
Products like Microsoft Excel, or platforms such as Cadence, Synopsys, ServiceNow, and SAP all “exist for a fundamentally good reason,” he said, adding that agentic AI will be using those tools “on our behalf and help us be more productive.”
So far this year, a slew of software stocks, like Adobe, DocuSign, and Workday, have cratered amid mounting concerns that AI agents would eventually displace traditional enterprise software models.
Huang, however, said he believes “the markets got it wrong,” describing agentic AI as “tool users” of existing software rather than a threat to it.
Products like Microsoft Excel, or platforms such as Cadence, Synopsys, ServiceNow, and SAP all “exist for a fundamentally good reason,” he said, adding that agentic AI will be using those tools “on our behalf and help us be more productive.”
