Huang calls it ‘incredible time’ for software firms, pushing back on AI fears

Jensen Huang declared at his GTC Taipei keynote Sunday that AI agents will grow demand for software companies, not destroy them, dismissing investor “Saaspocalypse” fears.aol
Nvidia unveiled its largest agentic AI enterprise push, with partners including CrowdStrike ↗0.28%, SAP ↘2.25%, and Palantir already integrating its Agent Toolkit.sapinsider
India’s Nifty IT index surged in Monday morning trade, led by Persistent Systems ((PERSISTENT.NS)) and Infosys ↘9.66%, while U.S. futures also pointed higher.republicworld

Huang Defends Software Stocks at Computex 2026 Keynote

Nvidia CEO Jensen Huang used his GTC Taipei keynote on Sunday to push back against fears that artificial intelligence will displace software companies, declaring it “an incredible time to be a software company” and arguing that the rise of agentic AI will expand — not shrink — the market for enterprise software.aol

Huang’s remarks, delivered ahead of the broader Computex 2026 trade show opening on Monday, appeared aimed at countering months of investor anxiety over a so-called “Saaspocalypse” — the notion that AI agents could render traditional software-as-a-service companies obsolete. He pointed to growing demand for software engineers and the opportunity for companies to deploy autonomous AI agents across their operations as evidence that the industry’s best days lie ahead.nikkei

Market Reaction

The comments rippled through global markets. India’s Nifty IT index jumped 3% in Monday morning trade, climbing to an intraday high above 30,000 before settling at 29,955.95, led by gains in Persistent Systems and Infosys. Taiwan’s TAIEX, already riding a record-setting May fueled by AI spending momentum, extended its run to fresh highs. U.S. futures pointed higher in early Monday trading, with Nasdaq futures up 0.5%.republicworld

ServiceNow shares, which had already rallied sharply in recent sessions on AI partnership momentum, were among the notable movers in the software space heading into the week.stockstotrade

New AI Agent Tools

Alongside his defense of the software sector, Huang unveiled what Nvidia calls its largest-ever push into enterprise agentic AI. The company’s Agent Toolkit — first introduced at GTC in March — combines the Nemotron family of open models, the NemoClaw platform for deploying autonomous agents, and the OpenShell secure runtime environment.vindler

Partners already integrating the technologies include CrowdStrike, which built a Secure-by-Design AI Blueprint embedding its Falcon platform into OpenShell; SAP, which is using OpenShell for secure agent runtime controls within its Business AI Platform; and Palantir, collaborating with SAP on AI-assisted cloud migration.sapinsider

Huang framed the toolkit as infrastructure that would allow every enterprise to become an “AI factory,” a theme Nvidia has pushed throughout 2026 as it seeks to expand its addressable market beyond GPU hardware and into the software stack that runs on top of it.cryptobriefing