Intuit is trading at $314.95 (-4.03%) in after-hours trading amid broader software-sector weakness.
- No clear company-specific catalyst for the October 28 drop was identified; recent AI product announcements are not established as the cause.
- Software stocks sold off after earnings from ServiceNow and Fortinet, alongside a sharply negative reaction to Alphabet’s results.
- Available evidence points to sector sentiment, not a confirmed Intuit-specific event.