Just caught Jensen Huang's take on the software stock selloff and honestly, he's got a point that a lot of people are missing right now.

So here's what's been happening in the market - investors have been dumping software stocks pretty hard because everyone's freaking out that AI is going to completely replace all these companies. Makes sense on the surface, right? If AI can do coding, reports, and all that stuff, why would anyone need Salesforce or Adobe anymore?

But Huang's argument is actually pretty solid. He's saying the whole 'AI will replace software' narrative is basically illogical. His view is that AI works better when it's integrated with existing tools, not when it's trying to replace them entirely. And when you think about it, that makes more sense than the doomsday scenario everyone's been pricing in.

Nvidia's been the engine powering all this AI growth - they just pulled in nearly 100 billion in profits over the last 12 months. That's absolutely insane compared to where they were a few years ago when they weren't even hitting 5 billion annually. The chips are legit transformative.

Meanwhile, the tech-software ETF that holds companies like Salesforce and Adobe has been getting absolutely wrecked. We're talking around 20% down just this year. Both of these names are trading near their lowest levels in years right now.

Here's the thing though - if Huang's right about AI enhancing rather than replacing, you could be looking at some genuinely attractive entry points. Salesforce and Adobe at these prices could be solid contrarian plays. But yeah, there's still risk. AI could make it easier for smaller competitors to undercut these guys with cheaper solutions.

The smart move is probably to dig into each company individually. Watch the earnings calls, see how they're actually growing in this AI environment, and check their forward guidance. That'll tell you whether the market's overreacting or if there's real reason to be concerned.

But the broader point Jensen's making - don't assume AI is coming to kill software companies. That's probably giving the tech a bit too much credit.