Nvidia boss Jensen Huang says AI-replacement fears tanking software stocks is the 'most illogical thing in the world'

Nvidia CEO Jensen Huang delivers a keynote speech at CES 2026.

Steve Marcus/Reuters

• Software stocks dragged the tech sector lower on Tuesday.
• Nvidia CEO Jensen Huang weighed in, saying fears of AI disruption are "illogical."
• The software-led rout marks a rotation into other parts of the market that have lagged lately.

Tech stocks continued to wobble on Wednesday as Wall Street's worries that AI will replace software, a notion that Nvidia CEO Jensen Huang dismissed as "illogical" this week.