Intuit stock tumbles 11% then slips again premarket as AI jitters rattle software names
Intuit shares fell 0.7% to $431.03 in premarket trading Wednesday after a 10.9% plunge Tuesday, as software stocks continued to slide amid concerns over AI-driven disruption. The sector’s index has dropped over 12% in five days. Investors are watching Intuit’s Feb. 26 earnings call for guidance ahead of tax season. Oppenheimer cut its price target for Intuit to $696 from $868 but kept an Outperform rating.