INTU is trading at $347.76 (-3.85%) following the launch of Anthropic's Managed Agents service, a low-cost AI offering that has reignited SaaSpocalypse fears across the software sector.
- The new AI service is seen as a potential disruptor to traditional business software models, overshadowing Intuit's recent growth performance.
- Sector-wide weakness is visible with Salesforce falling over 3%, while the broader Nasdaq remains resilient with a 0.5% gain.