Intuit (INTU) stock looks broken after one of the sharpest valuation resets among premium software names. The “SaaSpocalypse” has hit the compan...

Intuit (NASDAQ: INTU) shares are trading lower Wednesday after reports of a 17% workforce reduction as part of restructuring and AI push.

Intuit's stock has been hammered this year as investors worry that generative artificial intelligence models could threaten software companies.