By Philip van Doorn and Hannah Pedone
Software and online service providers were hit hard as investors worried about eventual losses of market share to AI tools
Shares of Intuit fell 61% during the first half of 2026, even as the company's sales for its critical quarter ended April 30 were up 10% from a year earlier and as analysts increased their rolling profit estimates for the company.
(Updated with closing prices on June 30.)
This year has featured volatility in the stock market, with the Iran conflict and the continuing AI hardware build-out leading to plenty of rags-to-riches stories.
