Intuit’s (INTU) Workforce Restructuring Highlights AI Platform Scalability

Intuit’s (INTU) Workforce Restructuring Highlights AI Platform Scalability

Fri, August 28, 2026 at 5:32 PM GMT+3 2 min read

• INTU +1.49%

Rothschild & Co Asset Management, an investment management company, released its "LongRun Equity Strategy" second-quarter 2026 investor letter. The letter can be downloaded here. The fund focuses on acquiring high-quality franchises for the long term, focusing on companies with strong competitive positions and sustainable business models. The strategy increased 7.6% (in EUR, unhedged) in the second quarter compared to its benchmark, which increased 15.8%. The market rebounded from March lows amid geopolitical tensions, with AI-related stocks gaining traction during negotiation breakdowns. While earnings upgrades have supported the broad index, many businesses outside the AI sector face stagnant revisions. The fund's EPS growth remains strong, suggesting that a market rotation towards overlooked quality stocks is due. Also, check the fund's top five holdings to see its best picks in 2026.

In its second-quarter 2026 investor letter, LongRun Equity Strategy highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) is a financial software company offering products and services for financial management, payments, capital, compliance, and marketing. On August 27, 2026, Intuit Inc. (NASDAQ:INTU) closed at $348.00 per share. Over the past month, Intuit Inc. (NASDAQ:INTU) returned 10.10%, while its shares have declined 47.83% in the last 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $95.19 billion, and its stock has traded within a 52-week range of $252.84 to $705.08.

LongRun Equity Strategy stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:

"Key detractors were Intuit Inc. (NASDAQ:INTU) and Tencent. Intuit reported slightly lower-than expected revenues in the TurboTax business and was severely punished. Management was able to reduce its full-time workforce by a whopping 17%, demonstrating just how conducive the platform is to AI implementation."

Intuit Inc. (NASDAQ:INTU) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 98 hedge fund portfolios held Intuit Inc. (NASDAQ:INTU) at the end of the second quarter, which was 92 in the previous quarter. While we acknowledge the potential of Intuit Inc. (NASDAQ:INTU) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In a previous article, we mentioned Intuit Inc. (NASDAQ:INTU), noting a 14% revenue increase to $21.4 billion for fiscal 2026, but it expects slower growth for fiscal 2027. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.