10 Stocks Lost Over 40% in 2026 as Investors Dumped Everything AI Might Kill

The S&P 500 rose 8.28% this year. However, ten of its own stocks lost more than 40%.

Both things are true at once. Investors are paying almost anything for AI. They are dumping whatever they think AI will kill.

AI Fear Crushed Software and Consulting Stocks

The damage is concentrated. Software, consulting and advertising names fill the bottom of the Slickcharts list.

It started in February. Anthropic released a new AI model. Enterprise software stocks sold off hard. Traders called it the SaaS-pocalypse.

Intuit (INTU) is the clearest victim, down 55.27%. It owns TurboTax, which brings in about a quarter of company revenue and profit.

Then cheap AI tax tools arrived. Goldman Sachs analyst Gabriela Borges cut her price target in June to $276, down from $519.

Intuit moved fast. It cut 17% of staff, roughly 3,000 jobs. It also lowered its TurboTax forecast.

The company is now worth about $88 billion, Forbes reported. A year earlier it was worth more than $219 billion.

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