Accenture Stock Crashes 20% as AI Compresses Traditional IT Billable Hours
Accenture cut its growth outlook and explicitly cited AI demand compression, sending shares down 20% in a single session. As the largest IT services firm, the move is a leading indicator for peers. IBM Global Services, Infosys, Wipro, Cognizant, and Capgemini now face the same scrutiny heading into their next earnings cycles.
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