Nvidia (NVDA.US) reported a 94% YoY surge in net profit for the fourth fiscal quarter, reaching USD42.96 billion. Adjusted EPS equaled USD1.62, surpassing the market expectation of USD1.53. CEO Jensen Huang stated that the market has misjudged the threat AI poses to traditional software companies.

Recently, the stock prices of software service providers were hit hard as investors grew increasingly concerned that the substantial growth in AI hardware spending might not be sustainable, exacerbating worries within the industry.

Huang believed the market has misjudged the situation, asserting that nothing can provide better services than large software companies like ServiceNow (NOW.US). He viewed software companies can develop deeply adjusted and optimized AI agents, which the market will ultimately need to complete tasks.
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AASTOCKS Financial News
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