The software space is facing serious market concerns this week, after the release of new AI tools from AI triggered a market sell-off.

Feb 4 (Reuters) - Nvidia CEO Jensen Huang dismissed fears that artificial intelligence will replace software and related tools, calling the idea "illogical", after a significant selloff in global software stocks on Tuesday.

Huang pushed back on the notion of software creators becoming irrelevant after recent AI tech releases caused a wave of stock selloffs.

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Worries about artificial intelligence disrupting the software business are overblown, Nvidia Chief Executive Jensen Huang said. "There's this notion that the software industry is in decline and will be replaced by AI,