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24 February
Intuit’s stock pops as new Anthropic partnership calms some nerves around AI disruption

Tech Stocks

Intuit’s stock has been the S&P 500’s worst performer this year. Now the company is teaming up with the company that’s fueled investor fears.

A phone displaying the TurboTax app, next to a notebook, pen and coffee mug.
A phone displaying the TurboTax app, next to a notebook, pen and coffee mug.

Photo: Getty Images for TurboTax

Intuit’s stock has been severely dragged down by fears that artificial intelligence will weaken demand for its tax-preparation tools and business-software offerings.

Now the company is partnering with the AI player that’s been a major source of nightmares in the software sector.