Part of the defensive rotation into software that remained green during market red days.

Down 11% on AI displacement fears, but seen as having a historically low valuation and recovery potential.

Currently underperforming within the software sector despite being a held position.

Noted as underperforming in the recent market rally compared to other software and tech peers.

Bullish outlook due to historically low valuation and high switching costs despite AI automation fears.

Pivoting toward AI-native ERP through the Intuit Enterprise Suite to capture larger enterprise clients beyond basic accounting.

Aggressively moving upmarket with its AI-native Enterprise Suite to compete with established ERP providers.

Aggressively expanding into the enterprise ERP space with AI-native solutions to compete with established players.

Launching an AI-native ERP suite to move up-market and compete with established enterprise players like Oracle and SAP.

Viewed as having more stable workflows (tax/accounting) compared to creative software vulnerable to AI disruption.