Intuit stock price rebounds nearly 3% after AI fears hit software — what’s next for INTU
New York, Feb 4, 2026, 18:14 (ET) — After-hours
Intuit Inc shares closed up 2.7% at $445.64 on Wednesday, clawing back some ground after a sharp selloff a day earlier. The Nasdaq-listed stock ranged from $411.48 to $450.33.
The stock sank 11% on Tuesday as investors rushed out of software names on worries that rapidly advancing artificial intelligence (AI) could squeeze prices and margins. The slide followed Anthropic’s launch of a legal tool for its Claude chatbot and hit Salesforce, Adobe and Datadog; “We’re looking at a lot of software names, and it’s across the spectrum, get hit,” said Art Hogan, chief market strategist at B. Riley Wealth. (Reuters)
That fear has not gone away. The S&P 500 software and…
