By Nur Hikmah Md Ali
Publication Date: 2026-02-26 07:30:00
Nvidia founder and CEO Jensen Huang speaks during Nvidia Live at CES 2026 ahead of the annual Consumer Electronics Show in Las Vegas, Nevada, on Jan. 5, 2026.
Patrick T. Fallon | AFP | Getty Images
It’s a good day for the artificial intelligence sector. New partnerships and earnings reports from AI-related companies lifted sentiment which had been battered by fears over AI hitting companies from software to real estate and logistics.
The biggest news was Nvidia’s earnings. The world’s most valuable company reported better-than-expected fiscal fourth-quarter results after the bell Wednesday stateside, clocking 75% revenue growth in its core data center business. The stock rose 1.4% in extended trading.
CEO Jensen Huang, in an interview with CNBC’s Becky Quick, said demand for computing was “off the charts” as AI technology advances rapidly.
When asked about the threat of AI to software, Huang said that “the markets got it wrong.”
In what he described as “counterintuitive,” Huang said that AI agents won’t replace these software tools, but will use them instead.
“Nobody’s going to service better than ServiceNow, and they’re going to come up with agents that are really fine-tuned and optimized for the work that uses the tools that they have,” he said, adding that AI was “going to help us.”
The anticipated Nvidia report and fellow AI player Oracle’s rating upgrade by Oppenheimer seemed to assuage investor concerns over AI-led disruption, giving U.S. markets a boost Wednesday….
