“Accenture sells human consulting hours, and those hours are disappearing as companies automate with AI, confirmed by a wave of guidance cuts across the entire IT services sector.”
“All the IT Service / consulting names missing earnings or guidance this last cycle (recently $ACN, $CTSH, $IT all cutting guidance to some extent) is probably one of the more bullish data points for AI out there”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.