Jensen Huang: Agentic AI is fully accretive for software companies
Speakers
Bill McDermott
— CEO, ServiceNow
Jensen Huang
— CEO, NVIDIA
Summary
ServiceNow CEO Bill McDermott and Nvidia CEO Jensen Huang discuss ServiceNow's aggressive growth targets and the transformative role of agentic AI. McDermott projects doubling revenue by 2030, while Huang highlights ServiceNow's critical position in managing AI agents and the massive increase in compute demand.
- ServiceNow aims to double revenue to over $30 billion by 2030.
- McDermott cites rapid growth and $28 billion RPO as proof of momentum.
- Jensen Huang explains agentic AI requires 1000% more computation than generative AI.
- Huang positions ServiceNow as essential for identity and governance of AI agents.
- The software industry is transforming as service becomes software, expanding total addressable market.
- ServiceNow and Nvidia announced Project ARK for autonomous agents.
- Both executives are bullish on the application layer's profitability in AI.
Trade Ideas
ServiceNow to double by 2030.
Agentic AI will require identity management, access control, and governance for both human and AI agents, and ServiceNow is positioned as the platform to manage this, making it critical and profitable as the service industry expands 100x beyond software.
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This CNBC video, published May 05, 2026, features Bill McDermott discussing NOW. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Bill McDermott · Tickers: NOW