Why Intuit Stock (INTU) Is Sinking Today

While AI-powered growth impressed, conservative forward guidance spooked investors.Shares of Intuit (INTU -5.02%) are falling today, down 4.1% as of 1:35 p.m. ET. The drop came as the S&P 500 jumped 1.5% and the Nasdaq Composite jumped 1.8%.Intuit reported relatively strong earnings, topping Wall Street forecasts for both revenue and profit, but guidance for its upcoming quarter disappointed investors.Intuit reported a strong quarter but weak guidanceThe company behind TurboTax and Credit Karma posted its f ...