David Lin on $INTU (Oct 26, 2026)
INTU sold off roughly 50% earlier this year on fears that Claude and other AI technologies could disrupt it. The speaker thinks existing TurboTax users are unlikely to build their own tax software with AI, so that threat is probably off the table, though competition from startups or other companies is possible. Overall, it is more likely INTU develops efficiencies from its own AI adoption and could perform really well once those efficiencies are in place and costs fall while people keep using its service.
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But if we take a company like Intuit, TurboTax, they sold off I I mean, it was roughly like 50% earlier this year. And this was in light of um, Claude and other AI technologies and the potential for the disruption of somebody like an Intuit.
Well, in my mind and and I I sort of step back and and thought about it and I'm like, if people use TurboTax and they've used TurboTax for the last 10 or 15 years, they're not going to use an AI to build their own tax software.
That's probably off the table. Could there be competition from other startups and companies coming in to unseat somebody like Intuit? Absolutely. But overall, it's more more likely that Intuit is going to develop those efficiencies from their own adoption of AI.
And as a result, um they could perform really well once those efficiencies are in place and they lower their costs and um people continue to use their service.