Jensen Huang says investors misreading the impact of agentic AI on software companies may be underestimating what comes next.
In a new CNBC interview, the Nvidia chief executive believes that rather than replacing enterprise software tools, AI agents are likely to drive more usage.
Huang explains that large software platforms are well-positioned to build specialized AI agents on top of their existing systems.
“I think the market’s got it wrong. I think it’s very likely that these companies that we’re talking about are going to introduce agents that run on their platforms. Nobody’s going to understand customer service better than ServiceNow, and they’re going to come up with agents that are really fine-tuned and optimized for the type of work that uses the tools that they have.”
The Nvidia CEO highlights that there’s a “deep misunderstanding” between the relationship of AI agents and software. According to Huang, software is a tool that AI agents will use to drive productivity inside companies.
“All of these tools that we use today, whether it’s Cadence or Synopsys or ServiceNow or SAP, these tools exist for a fundamentally good reason. AIs, these agentic AIs will be intelligent software that uses these tools on our behalf and help us be more productive.
What’s likely to happen, and this is very counterintuitive, it’s very likely that because we have so many agents in our company now, the tool use will actually go up.”
Huang points to internal metrics at Nvidia to drive his thesis.
“The number of C compilers that we use, the number of Python programs that we have, and the number of instances are growing very, very fast because the number of agents we have that use these tools is going up. I have 42,000 biological employees, and I’m going to have hundreds of thousands of digital employees. And together, we’re going to use a lot more tools.”
His comments suggest that in the agentic AI era, demand for enterprise software may expand as digital workers proliferate, challenging the narrative that AI will cannibalize existing platforms.
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