Feb. 26 at 3:19 PM
Markets have recently been dominated by the “SaaSpocalypse” narrative, with investors selling traditional software companies like Salesforce, ServiceNow, SAP, Cadence, Synopsys, and IBM on fears that agentic AI will replace enterprise software.
However, Jensen Huang, CEO of NVIDIA Corporation , argues that view is fundamentally wrong. His thesis: AI agents won’t eliminate software tools — they will use them at massive scale.
Rather than rebuilding digital systems from scratch, companies will deploy AI agents to operate within existing platforms such as ServiceNow, SAP, Cadence, and Synopsys. These agents act as machine-scale power users, increasing software utilization.
Huang says NVIDIA is already seeing a surge in compilers, scripts, and software instances — driven not by more employees, but by more AI agents — suggesting usage of enterprise tools could rise, not fall.
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