Intuit’s (INTU) Brand New Program Hasn’t Done Anything for the Stock, Says Jim Cramer

Core Insights - Jim Cramer discussed Intuit Inc. (NASDAQ:INTU) in a recent show, highlighting the company's new product announcements and the modest stock performance year-to-date, with a gain of 4.3% [2][3] - Despite the launch of the Intuit Accountant Suite, which offers custom dashboards and AI-generated insights, the stock has not responded positively to these initiatives, raising concerns about the effectiveness of its software-as-a-service business model [2][3] Company Developments - Intuit Inc. has been actively upgrading its products, with the latest announcement of the Intuit Accountant Suite on October 28th [2] - The new suite aims to enhance user experience by enabling custom dashboards and scalable accounting processes [2] Market Perception - There is a general perception that Intuit's software-as-a-service model is struggling, particularly in the context of investor skepticism regarding the sustainability of AI programming capabilities for such companies [2][3] - Cramer noted that despite the introduction of new programs, there has been no significant impact on the stock price, indicating a disconnect between product innovation and market performance [3]