The Latest Breaking News from Intuit

In a bid to strengthen the artificial intelligence (AI) infrastructure in the United States, OpenAI has partnered with the Taiwanese electronics giant Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd (OTC:HNHAF).

Shares of Intuit Inc (NASDAQ:INTU) rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results.

Despite Nvidia’s strong quarterly performance, the broader market struggled on Thursday. A robust U.S. jobs report, showing non-farm payrolls rising by 119,000 in September, dampened hopes for a December rate cut, as traders now see a 64% chance of the Fed holding rates steady.

December S&P 500 E-Mini futures (ESZ25) are up +1.12%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +1.55% this morning as strong quarterly results and guidance from AI darling Nvidia boosted sentiment.

Intuit Inc (NASDAQ:INTU) is heading into the fiscal first-quarter with strong momentum in QuickBooks and TurboTax Live, even as economic pressure weighs on lower-income consumers.

Intuit Inc (NASDAQ:INTU) shares are trading higher on Tuesday after the company announced a partnership with OpenAI.

Intuit has significantly underperformed the broader market over the past year, yet analysts remain optimistic about the stock’s longer-term prospects.

Intuit finds many SMBs are being held back by technological hurdles, but AI can help pave the way to success.

Intuit is expected to announce its fiscal first-quarter earnings soon, and analysts project a robust double-digit earnings growth.

Like Jeff Bezos, Sam Altman, and Brad Smith, Stephen A. Schwarzman learned that “Setbacks are terrible, but they also are great teachers.”

On CNBC's “Halftime Report Final Trades,” Joe Terranova, senior managing director at Virtus Investment Partners, picked Uber Technologies, Inc. (NYSE:UBER) as his final trade.