# Autodesk and Intuit Rally as Software Stocks Buck Tech Downturn

- URL: https://stocks.freetheai.org/news/autodesk-and-intuit-rally-as-software-stocks-buck-tech-downturn-8ea18a
- Published: 2026-10-09T05:32:27Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [NASDAQ:ADSK](https://stocks.freetheai.org/symbols/NASDAQ-ADSK), [NASDAQ:INTU](https://stocks.freetheai.org/symbols/NASDAQ-INTU)
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Autodesk, Inc. (ADSK) and Intuit Inc. (INTU) are on track to record their strongest weekly gains in several months. Autodesk shares climbed approximately 10% this week, while Intuit gained about 8%, placing both among the top performers in the Nasdaq 100. This rally stands out against a broader market decline, as the Invesco QQQ Trust (QQQ) tracking the Nasdaq 100 slipped about 0.3% amid rising geopolitical tensions and climbing oil prices.

The surge in Autodesk followed news of a major industry acquisition, where Schneider Electric agreed to buy industrial software developer PTC Inc. (PTC) for $22.6 billion, representing a 42.3% premium. This deal prompted investors to re-examine valuations across the engineering and design software sector. Meanwhile, Intuit recovered from a prolonged slump after its executive leadership and founder canceled their scheduled stock sales, signaling confidence in the business. This move helped offset concerns about Intuit's projected revenue growth slowing to 9% to 10% in fiscal 2027 from 14% in fiscal 2026.

Investors will watch whether these software firms can sustain their momentum. Autodesk previously reported a 16% increase in second-quarter revenue to $2.05 billion and is expanding its artificial intelligence offerings. For Intuit, the market will monitor if the company can overcome its 54% year-to-date decline as analysts remain generally optimistic, with consensus price targets indicating significant potential upside for both stocks.

## Key points

- Autodesk shares rose about 10% and Intuit gained around 8% in a week when the Nasdaq 100 tracker fell 0.3%.
- Autodesk was buoyed by Schneider Electric's $22.6 billion acquisition of PTC Inc., which sparked a sector-wide valuation reassessment.
- Intuit's leadership team canceled scheduled stock sales to show confidence in the company, helping shares rebound despite a 54% year-to-date drop.
- Autodesk reported a 16% increase in fiscal second-quarter revenue to $2.05 billion and is expanding its artificial intelligence capabilities.

## Questions and answers

### Why did Autodesk stock rise this week?

Autodesk shares climbed after Schneider Electric agreed to acquire PTC Inc. in a $22.6 billion deal, leading investors to re-evaluate valuations across the engineering and design software sector.

### Why did Intuit executives cancel their stock sales?

Intuit's founder and executive leadership terminated their planned stock sales to demonstrate confidence in the business, after management stated the stock price was misaligned with the company's value.

### What is Intuit's revenue growth outlook?

Intuit expects its overall revenue growth to slow to between 9% and 10% in fiscal year 2027, down from the 14% growth recorded in fiscal year 2026.