
Accenture Drops 20% in One Day as AI Erodes Global IT Services Revenue
Accenture, the world's largest IT services firm, saw its stock fall roughly 20% in a single session after cutting its growth outlook and blaming AI-driven compression of billable hours. The warning directly threatens rivals across the US, Europe, and India—including IBM, Capgemini, Infosys, and Wipro. Investors now believe disruption is already underway, not approaching.





