Nvidia CEO Jensen Huang and Salesforce CEO Marc Benioff’s recent interactions highlight a growing concern in the software industry: the impact of artificial intelligence. While many panic that AI could obliterate software companies, the reality is more nuanced. The software sector has experienced a sharp decline, with the IGV Software Index dropping about 30% since late September, partly due to fears surrounding AI's capabilities. A recent selloff was triggered by Anthropic's new functions for its Claude Cowork assistant, aimed at automating legal processes, which sparked declines in stocks of major players like Salesforce and Adobe. The notion that complex software systems will be easily replaced by simpler AI-driven applications is overly optimistic. Established platforms manage essential functions, such as payroll and IT management, and require specialized knowledge beyond just coding. This reality tempers fears of an AI-induced extinction event for software companies. Even major figures in the AI industry acknowledge the ongoing need for sophisticated software solutions. The current downturn in software stocks reflects market anxieties rather than an actual threat to the software business's viability.