Nvidia CEO Rejects AI Replacing Software Tools

Nvidia CEO Jensen Huang said Feb. 26 that markets misinterpreted fears that AI will replace legacy software after Anthropic's Claude Cowork rattled SaaS stocks. Huang argued AI agents will use enterprise tools like SAP and ServiceNow on humans' behalf, not supplant them. He made the remarks alongside Nvidia reporting Q4 FY25 revenue up 73% to $68.13 billion and projecting $78 billion for Q1 FY26.