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American software giant Intuit becomes S&P 500’s worst performer this year
American software giant Intuit has become the worst-performing stock in the S&P 500 this year, as investors worry that a new wave of AI-powered tax services could challenge the company's flagship TurboTax business. The company’s stock has fallen about 51% so far in 2026, even as CEO Sasan Goodarzi continues to defend the company's AI-focused strategy, saying during Intuit's third-quarter 2026 earnings call that the company had made a major bet on artificial intelligence. "When it comes down...