New York, Feb 13, 2026, 16:37 EST — After-hours
Intuit Inc (INTU.O) ticked up roughly 0.3% to $399.40 after hours on Friday. The stock swung between $389.55 and $407.27 during a volatile session, with trading volume touching around 4.9 million shares.
Investors keep hammering away at software stocks, pushing a broad “AI scare trade” that’s turned into a sell-off for companies seen as ripe for automation. Some names tried to find their footing late in the week, but it didn’t help Intuit, which has slid about 40% this year, according to Reuters. Workday, Salesforce, and others in the sector have also taken heavy hits, with growing doubts over how quickly new AI tools might disrupt long-established subscription models. “With fear driving market sentiment, investors remain in ‘sell first think later’ mode,” said Barclays equity strategist Emmanual Cau. (Reuters)
Stocks were split on Friday. Fresh figures showed U.S. consumer prices rose less than anticipated in January, prompting traders to boost bets on a Fed rate cut sometime this year. The S&P 500 eked out a 0.03% gain, but the Nasdaq dropped 0.23%, based on early numbers. “This is a good number,” said Peter Cardillo, chief market economist at Spartan Capital Securities, who noted signs of cooling inflation. (Reuters)
Intuit, the company behind TurboTax and QuickBooks, has been leaning into its AI narrative. Back on Feb. 11, it rolled out what it called an AI-powered construction edition for its Intuit Enterprise Suite—framing the new product as an “AI-native, end-to-end ERP” targeting the sprawling $2 trillion construction industry. The same construction features are being offered as a module for QuickBooks Online Advanced users. “Construction businesses are naturally complex,” said Ashley Still, executive vice president and general manager for mid-market at Intuit. (Intuit Inc.)
The company has set Sept. 17 for its annual Investor Day, planning to host the event at its Mountain View, California headquarters. A live webcast is scheduled as well. (Intuit Inc.)
Intuit’s fiscal Q2 earnings are up next for traders, due out after the bell on Feb. 26. Execs will kick off their conference call at 1:30 p.m. Pacific. (Intuit Inc.)
Investors now want to see if Intuit can hang onto its pricing power and keep customers loyal, as AI tools sweep across finance, tax, and back-office software. Its sharp year-to-date slide has turned the stock into a litmus test—does AI boost the biggest players, or erode their edges?
The risk is hard to ignore. Should management sound wary about tax-season demand, small business outlays, or intensified competition, the stock may take another hit. Investors are already trimming positions in software stocks lumped into the “AI-disrupted” bucket.
Broader rate-cut bets stay in focus for growth names in the next session, though Intuit’s real inflection point comes with its results call on Feb. 26 at 4:30 p.m. EST. (Intuit Inc.)
