Nvidia CEO: Software selloff ‘most illogical thing in the world’

Nvidia Corp Chief Executive Officer Jensen Huang, leader of the company whose gear is central to the worldwide build-out of artificial intelligence data centers, said this week’s sell-off in the shares of software companies amid concerns about AI disruption makes no sense.

Software products are tools, and artificial intelligence will use those tools, not reinvent them, Huang said during an appearance at a Cisco Systems event late Tuesday. “It’s the most illogical thing in the world,” he said. “There’s this notion that the tool is in decline and being replaced by AI. Would you use a screwdriver or invent a new screwdriver?”

Software-related stocks fell for a second day on concern that tools being released by AI model developer Anthropic and others will eventually automate a slew of work being done inside companies.

Nvidia’s Huang said his own company has extensively adopted such tools, and the result has been freed-up time for his employees to focus more on what the firm is good at: designing semiconductors and computer systems.

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