Accenture Stock Crash Puts AI Threat to Consulting Model Under Scrutiny
Accenture’s record share-price fall has turned a modest earnings miss into a test of the global consulting model. The stock last traded on Thursday because U.S. markets were closed Friday for the Juneteenth holiday, leaving investors the weekend to assess whether the selloff reflects temporary disruption or a lasting AI threat. That question matters beyond Accenture. The company is a bellwether for spending by large businesses on technology, outsourcing and corporate transformation, and its warning pulled Cognizant, IBM and Capgemini sharply lower. India’s Nifty IT index subsequently touched a three-year low.
