Nvidia CEO Jensen Huang said it made no sense for the market to sell off software stocks this week on concerns about the disruptive impact of artificial intelligence. NVIDIA's equipment is at the core of the global artificial intelligence data center construction.
Huang said at a Cisco event late Tuesday that software products are tools and AI will use those tools rather than reinvent them. "This is the most illogical thing in the world," he said. "Some people think that tools are declining and will be replaced by artificial intelligence. Do you use a screwdriver or invent a new screwdriver?"
Software-related stocks fell for a second day on concerns that tools released by Anthropic and other developers of artificial intelligence models may ultimately automate large swathes of work within companies.
Nvidia's Jensen Huang said his own company has widely adopted such tools, and the result is freeing up more time for employees to focus on what the company does best: designing semiconductors and computer systems.