Nvidia CEO Becomes the Latest SaaS Defender—Sort Of

Simmering anxieties about AI’s threat to subscription software have turned into a raging nervous breakdown on Wall Street in the past week, thanks in part to Anthropic’s recent AI launches (and despite Anthropic's own love for SaaS apps). Even Palantir, which has lately posted blockbuster growth, has been caught up in the selloff.

Enter Jensen Huang. Speaking at an event hosted by Cisco this week, Nvidia’s CEO had a simple message: “software is a tool.” The notion that “AI is going to replace” software firms “is the most illogical thing in the world and time will prove itself.” Huang argues AIs themselves will use enterprise apps en masse.

But the OpenClaw-ish future that Huang is describing—where AIs run around, using corporate apps the way humans do, except much faster and in the background—does not necessarily mean the biggest system-of-record apps will maintain or accelerate their growth.