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Intuit Stock Rebounds After AI Selloff as TurboTax Owner Nears Earnings Test
Intuit (NASDAQ:INTU) stock rebounded 3.3% on Friday after an AI-fueled software selloff, as the company approaches its fiscal third-quarter earnings report, which covers the crucial U.S. tax-filing season. Analysts project strong earnings growth, but investors remain concerned about how AI will impact legacy software pricing and the company’s ability to maintain its market position against emerging AI tools. Intuit’s upcoming results will be closely watched to see if its popular products like TurboTax and QuickBooks can continue steady demand amid these industry shifts.