Intuit (INTU) stock price near $400: AI scare trade, cooler CPI and the Feb. 26 earnings test

robot
Abstract generation in progress

Intuit (INTU) stock closed at $399.40 on Friday, facing pressure from an “AI disruption” trade that has seen software stocks shed trillions. Despite cooler-than-expected CPI data providing some relief to growth stocks, concerns about AI’s impact on subscription models have led to a significant 40% plunge in INTU shares this year. Investors are now keenly awaiting Intuit’s Q2 earnings report on February 26 for updates on key products and management’s stance on AI.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)