# If Intuit Inc. moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/intuit · Facet: ripple · Updated: 2026-09-05T01:19:28.118+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Intuit Inc. is directly linked to 3 companies (3 supply, 0 revenue relationships) and reaches 37 companies within two hops; the links are backed by 7 dated sources, 1 of them primary filings (as of 2026-09-05).

This is where the hypothesis breaks hardest in this batch. Intuit fell 49.3% in 2026, the worst of the five and the exact opposite of Flex (+81.2%) in the same year. It rode software strength from +70.3% in 2021 through +61.8% in 2023, slowed to +1.2% in 2024 and +6.1% in 2025, then dropped. Unlike the gradual de-rating at Salesforce and Workday, this looks like a break. The structure explains it. All four revenue lines, QuickBooks for small business, TurboTax for consumers, Credit Karma and ProTax, sell to individuals and very small businesses, without the switching costs of enterprise accounts. Tax and accounting are also rule-based work, making them a first target for generative AI to attempt directly. On the cost side it connects to Amazon and Alphabet cloud and to OpenAI, though the 10-K states only that FY2025 purchase obligations of $4.892B arise mainly from cloud service agreements, without a vendor split. Adopting AI raises costs with certainty while it remains unproven whether that is a defence or an erosion. Record this node as the counter-example to chain propagation: in 2026 sitting at the demand end was repriced as a discount rather than a premium.

## Supply chain (benefiting)
- T1 OpenAI (https://valuechain.wiki/openai.md)
- T2 Broadcom (https://valuechain.wiki/broadcom.md)
- T3 TSMC (https://valuechain.wiki/tsmc.md)
- T3 SK hynix (https://valuechain.wiki/sk-hynix.md)
- T3 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T3 Micron Technology (https://valuechain.wiki/micron.md)
- T3 Siemens EDA (https://valuechain.wiki/siemens-eda.md)
- T3 Samsung Electro-Mechanics (https://valuechain.wiki/samsung-electro-mechanics.md)
- T3 United Microelectronics (UMC) (https://valuechain.wiki/umc.md)
- T3 Synopsys (https://valuechain.wiki/synopsys.md)
- T3 Cadence Design Systems (https://valuechain.wiki/cadence.md)
- T3 Arm Holdings (https://valuechain.wiki/arm.md)
- T3 Keysight Technologies (https://valuechain.wiki/keysight.md)
- T3 Toppan Printing (https://valuechain.wiki/toppan-printing.md)
- T2 AMD (https://valuechain.wiki/amd.md)
- T3 GlobalFoundries (https://valuechain.wiki/globalfoundries.md)
- T3 ASE Technology (https://valuechain.wiki/ase.md)
- T3 AT&S (https://valuechain.wiki/at-s.md)
- T3 Shinko Electric Industries (https://valuechain.wiki/shinko.md)
- T3 Ibiden (https://valuechain.wiki/ibiden.md)
- T3 Monolithic Power (https://valuechain.wiki/monolithic-power.md)
- T3 Arteris (https://valuechain.wiki/arteris.md)
- T3 Unimicron (https://valuechain.wiki/unimicron.md)
- T2 Microsoft (https://valuechain.wiki/microsoft.md)
- T3 Seagate Technology (https://valuechain.wiki/seagate.md)
- T3 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T3 Intel (https://valuechain.wiki/intel.md)
- T3 Marvell (https://valuechain.wiki/marvell.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 Quanta Computer (https://valuechain.wiki/quanta.md)
- T3 Credo Technology (https://valuechain.wiki/credo.md)
- T3 Foxconn (Hon Hai) (https://valuechain.wiki/foxconn.md)
- T3 Western Digital (https://valuechain.wiki/western-digital.md)
- T3 Arista Networks (https://valuechain.wiki/arista.md)
- T3 CoreWeave (https://valuechain.wiki/coreweave.md)
- T3 Constellation Energy (https://valuechain.wiki/constellation-energy.md)
- T3 IREN (https://valuechain.wiki/iren.md)
- T3 IonQ (https://valuechain.wiki/ionq.md)
- T3 Wiwynn (https://valuechain.wiki/wiwynn.md)
- T3 Eaton (https://valuechain.wiki/eaton.md)
- T3 Schneider Electric (https://valuechain.wiki/schneider-electric.md)
- T3 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T3 Vertiv (https://valuechain.wiki/vertiv.md)
- T3 Ciena (https://valuechain.wiki/ciena.md)
- T3 Caterpillar (https://valuechain.wiki/caterpillar.md)
- T3 Nebius Group (https://valuechain.wiki/nebius.md)
- T3 Cummins (https://valuechain.wiki/cummins.md)
- T3 Super Micro (https://valuechain.wiki/super-micro.md)
- T3 Sumitomo Electric (https://valuechain.wiki/sumitomo-electric.md)
- T3 ABB (https://valuechain.wiki/abb.md)
- T3 Equinix (https://valuechain.wiki/equinix.md)
- T3 Digital Realty (https://valuechain.wiki/digital-realty.md)
- T3 Brookfield Asset Management Ltd. (https://valuechain.wiki/brookfield.md)
- T3 BlackRock (https://valuechain.wiki/blackrock.md)
- T3 Automatic Data Processing, Inc. (https://valuechain.wiki/automatic-data-processing.md)
- T3 3M Company (https://valuechain.wiki/3m.md)
- T3 Occidental Petroleum (https://valuechain.wiki/occidental-petroleum.md)
- T3 Take-Two Interactive Software, Inc. (https://valuechain.wiki/take-two-interactive.md)
- T3 Expedia Group, Inc. (https://valuechain.wiki/expedia-group.md)
- T3 WEC Energy Group (https://valuechain.wiki/wec-energy-group.md)
- T3 Legrand (https://valuechain.wiki/legrand.md)
- T2 Oracle (https://valuechain.wiki/oracle.md)
- T3 Bloom Energy (https://valuechain.wiki/bloom-energy.md)
- T3 DTE Energy (https://valuechain.wiki/dte-energy.md)
- T2 Cerebras Systems (https://valuechain.wiki/cerebras.md)
- T2 SoftBank Group (https://valuechain.wiki/softbank.md)
- T1 Amazon (https://valuechain.wiki/amazon.md)
- T2 Alchip Technologies (https://valuechain.wiki/alchip.md)
- T2 SanDisk (https://valuechain.wiki/sandisk.md)
- T3 Tokyo Electron (TEL) (https://valuechain.wiki/tokyo-electron.md)
- T3 ASML (https://valuechain.wiki/asml.md)
- T3 Lam Research (https://valuechain.wiki/lam-research.md)
- T2 Anthropic (https://valuechain.wiki/anthropic.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 SK Telecom (https://valuechain.wiki/sk-telecom.md)
- T2 Rigetti Computing (https://valuechain.wiki/rigetti.md)
- T2 D-Wave Quantum (https://valuechain.wiki/d-wave.md)
- T2 Vistra (https://valuechain.wiki/vistra.md)
- T3 Cameco (https://valuechain.wiki/cameco.md)
- T3 Williams Companies (https://valuechain.wiki/williams.md)
- T3 CenterPoint Energy (https://valuechain.wiki/centerpoint-energy.md)
- T2 Quantum Computing Inc (https://valuechain.wiki/qubt.md)
- T2 Talen Energy (https://valuechain.wiki/talen-energy.md)
- T2 Corning (https://valuechain.wiki/corning.md)
- T2 Globalstar (https://valuechain.wiki/globalstar.md)
- T3 SpaceX (https://valuechain.wiki/spacex.md)
- T3 MDA Space (https://valuechain.wiki/mda-space.md)
- T2 Celestica (https://valuechain.wiki/celestica.md)
- T2 Nike (https://valuechain.wiki/nike.md)
- T2 Amorepacific (https://valuechain.wiki/amorepacific.md)
- T2 Procter & Gamble (https://valuechain.wiki/procter-gamble.md)
- T3 Meta Platforms (https://valuechain.wiki/meta.md)
- T3 Dow Inc. (https://valuechain.wiki/dow.md)
- T3 International Flavors & Fragrances (https://valuechain.wiki/international-flavors-fragrances.md)
- T2 ArianeGroup (https://valuechain.wiki/arianegroup.md)
- T3 Avio (https://valuechain.wiki/avio.md)
- T3 Airbus (https://valuechain.wiki/airbus.md)
- T2 Fabrinet (https://valuechain.wiki/fabrinet.md)
- T2 Jabil (https://valuechain.wiki/jabil.md)
- T2 Exelon (https://valuechain.wiki/exelon.md)
- T2 Abbott Laboratories (https://valuechain.wiki/abbott-laboratories.md)
- T3 Illumina (https://valuechain.wiki/illumina.md)
- T2 United Parcel Service, Inc. (https://valuechain.wiki/united-parcel-service.md)
- T3 Boeing (https://valuechain.wiki/boeing.md)
- T3 Union Pacific Corporation (https://valuechain.wiki/union-pacific.md)
- T2 FedEx (https://valuechain.wiki/fedex.md)
- T3 Textron (https://valuechain.wiki/textron.md)
- T2 Colgate-Palmolive Company (https://valuechain.wiki/colgate-palmolive.md)
- T2 Norfolk Southern (https://valuechain.wiki/norfolk-southern.md)
- T3 Wabtec Corporation (https://valuechain.wiki/wabtec.md)
- T2 Entergy (https://valuechain.wiki/entergy.md)
- T3 NextEra Energy (https://valuechain.wiki/nextera-energy.md)
- T2 The Estée Lauder Companies Inc. (https://valuechain.wiki/est-e-lauder-companies.md)
- T3 Shopify (https://valuechain.wiki/shopify.md)
- T2 Ameren Corporation (https://valuechain.wiki/ameren.md)
- T2 Church & Dwight Co., Inc. (https://valuechain.wiki/church-dwight.md)
- T2 Omnicom Group Inc. (https://valuechain.wiki/omnicom-group.md)

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Full node: https://valuechain.wiki/intuit.md · JSON: https://valuechain.wiki/intuit.json