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.” 1
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. 2
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. 3
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. 4
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. 5
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. 6
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. 7
