Hi YXI friends,

Down two thirds of its price in less than a year, INTU is the epitome of the SaaSapocalyse. Part of it is pretty justified - Intuit’s growth has slowed substantially compared with the previous year. But another part of it is depressed investor sentiment, which may be punishing a high-cash-generating business more than it deserves.

I see a potential rebound opportunity here, as the price sit just above the pre-COVID highs.

Yimin, why are you not covering hot AI stocks but giving us some SaaS plays? Well it’s all about relative opportunities. Everything in AI semis and infrastructure are running extremely hot - you don’t need me to tell you that. If they pull back significantly from here and opportunities reappear, we will get into them. But right now, it’s a good time to check if there are diamonds in the rough in the more depressed sectors.

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You can find the past earnings of the companies we cover in the “Asset Profile” section of YX Insights below.

DISCLAIMER: This newsletter is strictly educational. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice.