Why Intuit Stock Jumped 24% in October

Intuit stock surged 24% in October following the company's acquisition of Sequence, an AI-native revenue management platform, and the introduction of new AI features across its product suite. Despite the recovery, the stock remains down 48% year-to-date due to concerns about AI disruption. The company's moves signal efforts to regain traction in the AI era, though earnings growth remains challenged.