Huang Renxun refutes the software stock sell-off caused by AI, calling it "the most illogical thing in the world".

NVIDIA CEO Huang Renxun said that this week the market sold off software stocks due to concerns about the disruptive impact of artificial intelligence, which makes no sense. NVIDIA's devices are at the core of the construction of global artificial intelligence data centers. Huang Renxun said at an event later on Tuesday at Cisco that software products are tools, and artificial intelligence will use these tools rather than reinvent them. He said, "This is the most illogical thing in the world. Some people think that tools are declining and will be replaced by artificial intelligence. Would you use a screwdriver or invent a new screwdriver?" Due to concerns that tools released by developers such as Anthropic and other artificial intelligence models may eventually automate a large amount of work within companies, software-related stocks fell for the second consecutive day. NVIDIA's Huang Renxun said that his own company has widely adopted such tools, resulting in more time being freed up for employees to focus on the company's strengths: designing semiconductors and computer systems.