Nvidia CEO Jensen Huang said on Wednesday that markets have miscalculated the AI threat to software companies, hours after the chip behemoth issued an upbeat sales forecast on strong AI demand. “I think the markets got it wrong,” Huang told CNBC, pushing back on fears that AI agents will cannibalise the enterprise software industry. ADVERTISEMENTInstead, he expects a broad swath of software firms to use agentic AI to develop their software and boost efficiency. In what he described as “counterintuitive”, Huang said that AI agents won’t replace these software tools, but will use them instead. He cited the internet browser and Microsoft’s Excel as examples of tools that AI agents will use.

Source: The Telegraph February 27, 2026 02:24 UTC