Intuit Shares Surge on Strong Q3 Results and AI-Driven Growth

Intuit Inc. (INTU) stock surged 8.25% to $721.00 in premarket trading, fueled by exceptional third-quarter results that exceeded expectations across all key metrics. The parent company of TurboTax and QuickBooks reported a significant revenue growth of 15%, a robust outlook for the full year, and impressive advancements with its AI-powered services, particularly TurboTax Live and Credit Karma. This strong performance reflects the company’s successful integration of artificial intelligence into its product suite and adept execution during the critical tax season. 3Q results paint a picture of significant growth in various segments including the Consumer Group, Global Business Solutions Group, and Credit Karma.