Just caught something interesting from Nvidia's Jensen Huang that might flip the current software stock narrative on its head.

So here's what's happening - SaaS stocks have been getting absolutely hammered lately. Everyone's freaking out that AI agents are going to make these companies obsolete, right? Like, why pay for Salesforce or Workday if AI can just build you custom software from scratch?

But Huang's saying the market has gotten it completely wrong on this one.

His argument is actually pretty straightforward: AI agents aren't going to be software creators. They're going to be software users. Think about it - instead of building entirely new tools, these agents will work through existing platforms on behalf of people and businesses. That means more usage, not less. More demand for the tools these companies already offer.

And honestly, when you consider Huang's vantage point - Nvidia's basically powering the entire AI infrastructure - it's worth listening to. He's not just making noise here. He's watching how this tech actually evolves from the inside.

The implications are pretty significant if he's right. We're talking about a roughly $1.6 trillion market cap decline that arrived across software since the start of the year. Companies like Salesforce, Workday, ServiceNow, Adobe - all getting crushed. If Huang's thesis holds up, we could be looking at a major rebound and revaluation over time.

That said, not every software company is going to benefit equally. The real opportunity is probably with the versatile players that have strong competitive moats already in place. The ones that can actually integrate AI effectively into their existing products.

It's one of those moments where the narrative might be shifting faster than people realize. Worth paying attention to.