Nvidia CEO Jensen Huang: AI Won't Replace Software, Calls Idea 'Illogical'

• Nvidia CEO Jensen Huang dismissed fears that AI will replace software, calling the idea "illogical" at an AI conference in San Francisco.
• His comments come after a significant global selloff in software stocks, partly triggered by Anthropic's updated chatbot and fears of AI disruption.
• Huang argued that AI will continue to rely on existing software and tools rather than rebuilding them from scratch.
• Indian IT exporters, China's CSI Software Services Index, and Japanese firms like Recruit Holdings saw significant stock plunges.
• Infosys was among the biggest losers in India, with its shares plunging 7.3 percent.