American software giant Intuit becomes S&P 500’s worst performer this year

Intuit, the software giant, faces a significant stock decline due to fears of AI-powered tax services challenging its TurboTax. Despite CEO Sasan Goodarzi's strong defense of their AI strategy and a major workforce reduction to focus on 'big bets,' including AI integration, the company's shares have plummeted.

By TOI TECH DESK