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NYSE:AFRM 4 February 2026

Intuit stock drops 11% after-hours as AI disruption fears spread — what investors watch next

Intuit stock drops 11% after-hours as AI disruption fears spread — what investors watch next

Intuit shares plunged 10.9% to $434.09 in after-hours trading Tuesday, after falling 11% during the session. The S&P 500 software and services index dropped 3.8%, with Salesforce, Datadog, Adobe, Synopsys, and Atlassian also down sharply. The Nasdaq Composite lost 1.4%. Analysts cited aggressive repricing of software stocks as AI offerings from Anthropic raised concerns over future growth and competition.

Stock Market Today

  • Worley's Bloomfire Partnership Strengthens AI Consulting Edge Amid Margin Pressures
    March 16, 2026, 10:59 PM EDT. Worley (ASX:WOR) recently partnered with Bloomfire to integrate AI-powered knowledge management into its industrial consulting services for energy and resources sectors. This move aims to enhance project delivery by organising information around asset lifecycles, improving client access to critical knowledge. While the partnership supports Worley's shift towards higher-value consulting and digital tools, near-term margin risks persist due to subdued demand and reliance on large oil and gas projects. The company also extended its A$500 million share buyback program to 2027, signaling capital return focus despite softer earnings. Forecasts project 10% annual revenue growth and rising earnings, suggesting significant upside potential, though some analysts remain cautious. The AI initiative adds digital strength to Worley's advisory outlook but must be weighed against execution challenges and market exposure.
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