American software giant Intuit becomes S&P 500’s worst performer this year
Intuit has become the worst-performing stock in the S&P 500 for 2026, driven by investor fears that AI-powered competitors are threatening its TurboTax business. Despite the stock drop, CEO Sasan Goodarzi maintains that the company's aggressive pivot to AI is the correct long-term strategy.
Why it matters
This reflects the broader market volatility and disruption caused by AI integration in traditional financial services sectors.
As American software giant Intuit becomes S&P 500’s Worst Performer this year; CEO says: We bet the entire company on data AI and one of ... - The Times of India
The article relies on financial data and analyst reports to explain the stock performance without taking a side.
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