Big Tech Stocks Meltdown After AI Claims It Will Replace Tools, Then Regrets It
KEY POINTS
- •Nvidia CEO Jensen Huang stated software is a tool used by AI, rejecting the idea it's being replaced.
- •OpenAI CEO Sam Altman predicted ongoing volatility in software markets as the industry adapts to AI integration.
- •Figma CEO Dylan Field noted their stock dropped over 79% since their 2025 IPO but emphasized growth through focus and new AI partnerships.
Brace yourselves: Wall Street went off the rails in early 2026, slashing more than $1 trillion off Big Tech valuations after Anthropic dropped an AI plug-in. Nvidia’s CEO Jensen Huang, apparently the industry’s designated sanity keeper, called the sell-off 'the most illogical thing in the world,' making sure to name-drop ServiceNow, SAP, Cadence, and Synopsis as survivors—because who doesn't want to be a bright spot in a software apocalypse? Meanwhile, OpenAI’s Sam Altman soothed jittery investors by predicting ‘volatility’ will stay as long as people figure out ‘how much code AI writes vs human sweat.’ Figma’s CEO Dylan Field admitted a rough 79% stock plunge since their 2025 IPO, but at least they’ve partnered with Anthropic to turn AI code into editable designs – because quick and right aren't the same. Zoho founder Sridhar Vembu sprinkled bubble-popping metaphor magic, calling AI the pin bursting overfunded software dreams. And Arm’s CEO Rene Haas casually dismissed this chaos as 'micro-hysteria' – the corporate equivalent of saying ‘It’s just a little storm’ while the sky is on fire. Sum it up? Everyone agrees software isn’t dead but the market’s collective freak-out looks like a herd of confused wildebeests scrambling to figure out if their life’s work is now a vintage artifact.
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Wall Street’s software sell-off screams 'AI is killing tech!' but CEOs like Huang and Altman insist it's just a rocky teenage phase. Turns out, we’re all just bad drivers on the skills highway, crashing over nothing.
Watching Big Tech panic over AI killing software is like yelling at a toaster for not being a microwave. Chill out, it’s still toast.
AI investors throwing tech stocks off cliffs then expecting a smooth landing deserves its own reality show: 'Stupid Money vs. Logic.' Spoiler: logic is winning.
Source: Businessinsider | Published: 2/19/2026 | Author: Brent D. Griffiths
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