New York, February 5, 2026, 19:36 EST — After-hours
- Intuit shares fell 2.4% at the close but gained roughly 0.5% in after-hours trading.
- The company announced that TurboTax, Credit Karma, QuickBooks, and Mailchimp apps have gone live inside ChatGPT.
- The stock dropped amid ongoing pressure on U.S. software companies, as concerns over AI disrupting business models persisted.
Shares of Intuit Inc. slipped 2.4% to end Thursday at $434.91, then edged up roughly 0.5% to $436.90 in after-hours trading, the session following the 4 p.m. close. During the day, the stock fluctuated between $431.14 and $460.42.
The shift came amid a tough run for software and data-services stocks, as investors weigh how fast AI innovations might reshape demand—and what that means for profits. “I would classify this as a sell-everything mindset at this point,” said Dave Harrison Smith, chief investment officer and head of technology investing at Bailard. Reuters
On Thursday, Intuit announced that its TurboTax, Credit Karma, QuickBooks, and Mailchimp apps are now accessible directly within ChatGPT, marking a consumer-facing step in its partnership with OpenAI. “Intuit’s apps in ChatGPT will give people personalized insights to fuel their financial success, all while keeping their data safe and secure,” said chief technology officer Alex Balazs. Intuit
The company’s newest product updates haven’t shielded its stock from the wider market selloff. Investors are offloading software shares, questioning if AI capabilities are becoming standard and whether pricing, retention, and growth can sustain once competitors roll out similar tools fast.
Intuit highlighted a new Mailchimp report this week showing how “trust, timing, and restraint” during sign-up influence engagement and retention in email and SMS marketing. It’s a clear sign that the company’s growth still depends heavily on small-business marketing alongside its core tax and accounting services. Intuit Inc.
Stocks fell sharply on Thursday, pressured by concerns over the rising costs of the AI arms race and its impact on corporate profits. Tech stocks were again a major drag. “The AI trade which was the accelerant last year is perhaps the extinguisher this year,” said Melissa Brown, SimCorp’s managing director of investment decision research. Reuters
Intuit holders face a tricky moment: U.S. tax season is in full swing, and with investors already uneasy over software valuations and competitive pressures, daily swings tend to get amplified.
Intuit is set to release its fiscal second-quarter earnings on Feb. 26, after the market closes. The company will follow up with a conference call at 1:30 p.m. Pacific time, according to an official announcement.
The ChatGPT rollout presents a double-edged sword. While it might help Intuit lock in customers, it also highlights a persistent investor worry: if AI simplifies key tasks, the market could continue to undercut long-term software revenue.
Intuit isn’t the only tax prep giant taking a hit. H&R Block dropped 2.46% Thursday, showing the weakness isn’t confined to a single stock.
Friday’s session will reveal if Intuit’s after-hours gain sticks. More importantly, investors will be looking to see if management’s Feb. 26 update demonstrates that new AI-driven channels can boost growth while preserving margins and customer control.
