Jensen Huang, CEO of NVIDIA, dismissed the notion that artificial intelligence (AI) will replace software and related tools, calling it 'illogical.' Previously, global software stocks experienced a significant sell-off on Tuesday, partly due to the launch of a new version of the chatbot by AI developer Anthropic last week, which heightened market concerns that AI could trigger disruptive changes in the data and professional services industries. On Wednesday, the sell-off further spread to software stocks in India, Japan, and China.
