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Guinness Global Innovators Fund exits Intuit (INTU) over AI disruption concerns for TurboTax
The fund stated in its Q2 2026 investor letter that while Intuit delivered resilient overall results, disappointing TurboTax performance, with revenue growth of 7% falling short of expectations and a sharp decline in paid DIY returns, reignited concerns about the vulnerability of its pricing power and market share to AI disruption.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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