By TradingView
Publication Date: 2026-06-01 11:59:00
A recovery in software stocks accelerated on Monday after Nvidia chief executive Jensen Huang pushed back against concerns that artificial intelligence could undermine the software industry.
The comments provided a fresh tailwind to a sector that had already begun rebounding as investors bought the dip following months of heavy selling.
ServiceNow (NOW) rose 10% in premarket trading, while IBM gained around 11% and Salesforce climbed more than 6%.
The gains built on Friday’s advance, when ServiceNow jumped more than 14%, IBM rose over 12%, and Salesforce added roughly 8.5%.
Nvidia chief offers support to software sector
Speaking at the Computex conference in Taiwan, Huang directly challenged a narrative that has weighed on software valuations since the emergence of agentic AI systems.
“A lot of people have said, ‘Jensen, AI is coming. Agentic AI is coming. Therefore, all of the software companies are going to go out of business.’ I said it’s exactly the opposite,” Huang said…
