Stock Brief: Huang Chun-hsun Dismisses AI Replacing Software Claims, Calls it Logically Unsound - NVDA

[Para 1: The Lead] In response to global software stocks' significant sell-off on Tuesday (2026-02-03), NVIDIA (NVDA-US) CEO Huang Chun-hsun refutes concerns that artificial intelligence (AI) will replace software and related tools, stating such a notion is illogical. This follows a turbulent day in U.S. markets, with the Dow Jones Index peaking at a record high of 49,633 points but closing down 0.3% due to technology sector drag. The Nasdaq and S&P 500 indices fell 1.4% and 0.8%, respectively, primarily due to software sector's decline. [Para 2-3: Supporting details & Context] Huang's remarks come amid heightened market anxiety sparked by AI developer Anthropic's recent release of a new chatbot, which fueled investors' fears of AI potentially replacing data and professional services software. This panic spread globally, causing software-related stocks in India, China, and Japan to drop collectively. To alleviate market concerns, Huang strongly opposes the idea that AI will replace software and tools, labeling it as the "most illogical idea." He asserts that the notion software companies will become obsolete is misleading, as AI will continue to rely on and use existing software rather than starting from scratch. Huang emphasizes that AI's recent breakthroughs focus on tool utilization, not re-invention, as tools are designed to clearly express needs.