Jensen Huang endorsed software at the Cisco AI conference, calling the 'software is dead' theory illogical
Author: Summer is here
Introduction: Jensen Huang's statement at the Cisco AI Conference is not just an industry endorsement, but also a powerful correction to the cognitive bias of "AI eliminating software."
Summary: Global software stocks face "doomsday selling"? NVIDIA CEO Jensen Huang responded directly in San Francisco: AI will not replace software but will use tools. In 2026, as AI shifts from "computing power surge" to "application landing," the mistakenly sold-off software sector may be nurturing the most certain beta opportunities. Against this backdrop, the Software ETF Huatai-PineBridge (159590) is about to enter a configuration window.
1. "Will AI Replace Software"? Jensen Huang: This is the most illogical thing in the world
Recently, the U.S. software sector has experienced severe volatility. Earnings battles from tech giants like AppLovin and AMD have triggered market-wide anxiety about "AI eroding the traditional software ecosystem." Related sectors in China's A-shares have also been affected, with many traders even bluntly stating, "The software industry will kneel directly."
However, the king of AI computing power—NVIDIA CEO Jensen Huang—presented a completely opposite argument at the AI conference hosted by Cisco Systems on February 4. "Some believe the tools of the software industry are declining and will be replaced by AI... This is the most illogical thing in the world."
Huang pointed out that the original intent of AI systems is to collaborate with existing software, not to destroy it. He proposed a highly penetrating logic: "If you are a human or a robot, would you choose to use tools or reinvent them? The answer is obviously to use tools." This view cuts to the core—the essence of AI is "labor augmentation," and its breakthrough lies in "tool-using" capabilities. This means mature software systems will not only survive but also unleash unprecedented productivity value by integrating AI.
2. From "Computing Power Factory" to "Application Landing": Software is the Only Path for AI to Reach Reality
2026 is seen by the industry as a critical watershed for determining whether companies become AI "winners" or "victims." The computing infrastructure boom of the past two years is gradually shifting to the application layer.
From a fundamental logic perspective, software companies possess the most critical assets: clear business scenarios and massive user data. No matter how powerful an AI model is, it needs software interfaces (APIs) to call data and execute commands. As Huang noted, AI's recent breakthroughs are all in "tool-using" because existing software tools are designed to be explicit—they are the bridge for AI to reach the physical world and business logic.
For investors, the current sell-off wave is more like an "emotional miskill." When the market realizes AI is not the "terminator" of software but its "accelerator," the force of valuation recovery will be extremely strong.
3. Positioning for the Second Half of AI: Why Choose the Software ETF Huatai-PineBridge (159590)?
In volatile markets, the fluctuation risks of individual stocks are often hard to manage. For investors looking to capture the AI application 红利， the Software ETF Huatai-PineBridge (159590) and its feeder fund provide an efficient and robust tool choice.
Precise Anchoring, Comprehensive Coverage: The Software ETF Huatai-PineBridge (159590) closely tracks the CSI All Share Software Index, covering components in office software, cybersecurity, cloud computing, and other frontline sectors of AI application—truly a "full-coverage tool" for the AI application industry chain.
Contrarian Capital Deployment, Liquidity Advantage: Wind data shows that despite recent market volatility, the Software ETF Huatai-PineBridge (159590) has seen five consecutive days of net subscriptions. On February 4 alone, its net subscription volume ranked among the top in its category, indicating institutional investors are taking advantage of the adjustment to accumulate positions against the trend.
Solid Underlying Support: With the addition of liquidity providers like East Money Securities, the ETF's bid-ask spread has narrowed further, greatly facilitating traders in large-scale subscriptions/redemptions or intraday strategy configurations.
Conclusion: Finding "Hard Support" in Panic
Standing at the 2026 milestone, AI is no longer a vague illusion but is reshaping every industry through software code. Huang's strong endorsement has injected a shot of adrenaline into the market: software is not the target of replacement but the brightest jewel in AI's crown.
If you also agree that "tool-using" beats "reinventing the wheel," then positioning through the Software ETF Huatai-PineBridge (159590) during the current adjustment period may be the best path to navigate the second half of the AI bull run.
Risk Disclosure: Funds carry risks; invest with caution. The above views are for reference only and do not constitute investment advice.
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