New York, February 5, 2026, 12:06 ET — Regular session
Intuit Inc shares were up about 0.2% at $446.47 on Thursday, after a choppy run that swung between $440.03 and $460.00 in early trade. About 2.0 million shares had changed hands.
The small move came as U.S. software and data-services stocks tried to stabilize after a bruising selloff tied to worries that fast-advancing artificial intelligence tools could upend the sector. ServiceNow, Salesforce and Microsoft were down about 2.6% each, while the S&P 500 software and services index slipped 1.8% after losing more than $800 billion in market value over the past six sessions, according to Reuters. Short interest — a measure of bearish bets — has been rising across mid-to-large cap software names, Ortex data showed, and Societe Generale strategist Manish Kabra said, “I think a lot of cyclical sectors will do better.” (Reuters)
Intuit was one of the day’s hard-hit names on Tuesday, sliding 11% as investors fretted that AI could intensify competition and squeeze margins for software makers. “We’re seeing a lot of software companies across the spectrum get hit,” said Art Hogan, chief market strategist at B. Riley Wealth. (Reuters)
But bargain hunters are still picking their spots. The S&P 500 software and services index has tumbled 13% in the past week, and Evercore ISI strategists said the group’s relative three-month performance versus the broader S&P 500 was the worst since May 2002, during the fallout from the dot-com bust. “There is some long-term value in these names,” said Jake Seltz, a portfolio manager at Allspring Global Investments, adding he was waiting for clearer catalysts such as stronger AI-related product revenue and customer deployment signals. (Reuters)
Intuit sells the TurboTax tax-preparation suite and QuickBooks accounting software, and also runs Credit Karma and Mailchimp, according to its company profile. The company targets consumers as well as small and mid-sized businesses. (Reuters)
In company news, Intuit said its Mailchimp unit released a report on how marketers collect email and SMS sign-ups, as brands try to build lists amid tighter tracking rules. “Sign-up is the first signal that someone is willing to engage,” said Matt Cimino, a product manager at Intuit Mailchimp. (Intuit Inc.)
Earlier this week, Intuit also said it would partner with the NFL’s Inspire Change Initiative and the San Francisco 49ers Foundation during Super Bowl week to host a financial literacy forum for Bay Area high school students. “Financial literacy is a foundational life skill,” said Dave Zasada, vice president of education and corporate responsibility at Intuit. (Intuit Inc.)
The next hard catalyst for INTU is its fiscal second-quarter results on Feb. 26 after the close, with a conference call scheduled for 1:30 p.m. Pacific time, the company said. The quarter ends Jan. 31. (Intuit Inc.)
