Headline: Nvidia CEO Dismisses AI Replacing Software Tools Amid Market Selloff - NVDA

[Para 1: The Lead] Nvidia CEO Jensen Huang counters fears AI will replace software tools, dismissing the notion as illogical. The comment comes as global software stocks experience a deepening selloff, exacerbated by heightened AI disruption concerns post-Anthropic's chatbot update. [Para 2-3: Supporting details & Context] Huang, addressing an AI conference, asserts that AI will not replace existing software but instead build upon it. The selloff, impacting Indian, Japanese, and Chinese software stocks, has seen significant declines. Infosys and Kingdee International Software Group experienced substantial share price drops. Huang's remarks aim to stabilize investor sentiment, emphasizing AI's reliance on and enhancement of existing tools rather than replacing them.