Jensen Huang says markets 'got it wrong' on AI threat to software companies
Nvidia CEO Jensen Huang pushed back on fears that AI will destroy the software industry, telling investors the recent SaaS selloff misreads how AI will reshape the sector. Huang argued AI will augment software companies rather than replace them, calling the market reaction overblown.
The comments came during post-earnings media appearances after Nvidia reported record $68.1B Q4 revenue. Huang cited "skyrocketing" enterprise adoption of AI agents and said token demand has gone "completely exponential," with even six-year-old GPUs fully consumed.
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