🔴 INTU is trading 3.5% down today as it hits a 52-week low amid a broader tech selloff

INTU is trading at $385.50, down 3.48% in early trading as the stock hits a new 52-week low amid a broader tech sector selloff and AI-related valuation concerns.

• The stock has declined 10% over the past 30 days, driven by institutional profit-taking and multiple compression across large-cap software stocks.
• While the company launched an AI-powered Construction Edition on February 16, investor sentiment remains pressured by concerns over AI disruption impacts and terminal value assumptions.
• The NASDAQ Composite is down 0.72% today, with weak large-cap tech stocks weighing on the broader index.