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ACN News30 articles
Infosys stock plunge drives Nifty IT index to 3-week low
Infosys shares fell 3.39% Tuesday, contributing about 40% of Nifty IT's 2.23% drop, as weak demand and Accenture's outlook drag the index down 13% in three weeks.
IBM Falls on Accenture Read-Through; AI Growth Debate Intensifies
IBM shares fell 1.8% as Accenture's weaker guidance weighed on IT services, reigniting debate over whether AI will boost IBM's high-margin software enough to offset consulting risks.
Cognizant Plunges 10% Amid Accenture Guidance Cut, Nasdaq-100 Removal
Cognizant shares tumbled 10.49% to $43.70 after Accenture's weaker growth forecast, a Berenberg downgrade, and its looming exit from the Nasdaq-100, wiping out $2.4 billion in equity value.
Infosys Stock Faces Pressure After Accenture Downgrade Triggers IT Selloff
Infosys shares plunged 6.75% as Accenture's reduced fiscal 2026 growth forecast triggered a sector-wide selloff, pushing Nifty IT to a three-year low. Investors are reassessing Indian IT stocks ahead of Infosys' July 23 earnings.
Chip Stocks Rally as Micron Earnings and Inflation Data Approach
Tech stocks edged higher in a holiday-shortened week, led by chip names. Intel jumped 10.6% after President Trump said Apple would work with Intel on U.S. chip design. All eyes are on Micron's earnings and key inflation data.
AI Chip Rally Lifts Nasdaq; Fed Policy Uncertainty Persists
Intel surged 10.6% on Apple partnership news, fueling a semiconductor-led rally that lifted the Nasdaq 2.43% in a short week, as markets await key inflation data and Fed policy cues.
Bull Market at Crossroads as S&P 500 Valuations Near Dot-Com Peaks
The S&P 500's Shiller P/E ratio has hit 42.84, near dot-com bubble highs, signaling the Trump bull market may be approaching a tipping point.
Dow Halts for Juneteenth as Tech Rally Widens Weekly Gap
U.S. stock markets closed Friday for Juneteenth, with the Dow at 51,564.70, up 0.14% Thursday. Next week's May PCE inflation data and Micron earnings are key tests for Fed policy and the AI rally.
Wall Street Halts for Juneteenth After Chip Rally; Fed and Micron Earnings Loom
US stocks paused for Juneteenth after a chip-led rally pushed the S&P 500 to a record close, but investors brace for Fed hawkishness and key earnings from Micron next week.
Wall Street Rebounds on Chip Surge, Iran Deal; Fed Risks Remain
U.S. stocks ended higher Thursday as chip stocks surged on an Apple-Intel deal and an interim U.S.-Iran deal eased inflation worries, though Fed rate hike risks remain.
Infosys Leads IT Rout After Accenture Cuts Forecast
Infosys dropped 6.5% after Accenture trimmed its fiscal 2026 revenue-growth outlook, dragging the Nifty IT to a three-year low as demand concerns mount.
Accenture's Slashed Outlook Sinks IT Services Stocks
Accenture shares plunged 18% after cutting its fiscal 2026 sales growth outlook to 3-4%, triggering broad declines in IT services stocks and raising concerns over AI-driven growth.
Nasdaq Surges on Tech Rebound, Intel Rally, and Iran Deal Optimism
The Nasdaq rallied 1.91% on Thursday, led by a 10.6% surge in Intel after Trump announced an Apple partnership, while an Iran deal lowered oil prices and eased inflation fears.
Dow Edges Higher on Tech Rally, Falling Oil Prices Ease Inflation Fears
The Dow closed up 131 points as semiconductor stocks rallied on Intel's record high and lower oil prices eased inflation concerns, though Fed uncertainty lingered.
Tech Rally Lifts Wall Street; Chip Stocks Surge on Apple-Intel Deal
U.S. stocks rose Thursday, powered by a semiconductor rally after Trump announced an Apple-Intel chip partnership. The Nasdaq climbed 1.48% as oil prices dropped, easing inflation concerns. Markets are closed Friday for Juneteenth.
Chip Stocks Rally on Apple-Intel Deal, Oil Drop Offsets Fed Hawkish Tone
Chip stocks rallied on Apple-Intel partnership news, lifting the Nasdaq 1.04%. Oil prices slid after a US-Iran deal, offsetting the Fed's hawkish signals.
IBM Shares Slide on Accenture's Weak Forecast and AI Control Fears
IBM dropped 6.9% after Accenture's weak sales outlook and an IBM study flagged AI control concerns, fueling fears of slower enterprise AI spending.
Accenture Stock Dips on Weak Outlook Despite $4.18B Cybersecurity Investment
Accenture slashed its full-year revenue growth forecast and issued weak Q4 guidance, sending shares lower premarket despite a $4.18 billion cybersecurity acquisition announcement.
Accenture Downgraded by Morgan Stanley on AI Spending Concerns
Morgan Stanley downgraded Accenture to Equal Weight, cutting its price target to $177 from $240, citing weak IT services budget growth and AI spending pressure. Shares fell 0.8% to $169.
Accenture Shares Bounce Back Ahead of Q3 Report; AI Growth in Focus
Accenture shares rebounded 1.65% to $170.28 on Friday, halting a five-day slide, as the market eyes the June 18 Q3 earnings release.
Accenture Shares Slide Ahead of Q3 Earnings Amid AI Deals and Market Headwinds
Accenture shares dropped 4.7% to $178.25 ahead of its June 18 earnings call, as AI deals and a Japan partnership compete with market losses and tech spending concerns.
Accenture Shares Swing Wildly Ahead of Q3 Earnings Report
Accenture shares fell 4.7% this week to $178.25 as investors await June 18 Q3 results, with focus on bookings and AI demand after record $22.1 billion Q2 bookings.
Accenture rallies 4.86% on AI joint venture, but 2026 losses remain steep
Accenture shares jumped 4.86% Friday to $187.07 on heavy volume after a Tokyo AI joint venture with Mitsubishi Chemical, but the stock remains down 29.27% for 2026.
Accenture Stock Rebounds Amid AI Adoption Hurdles
Accenture shares closed at $179.24, up 6.17% for the week, but remain down 32.23% in 2026. AI-driven growth faces budget and adoption challenges.
ServiceNow Stock Dips Despite AI Platform Push and New Partnerships
ServiceNow shares fell 2.6% Friday as investors weigh AI risks. New tools and partnerships aim to bolster the platform's governance story.
IBM Q1 Earnings Preview: Software Growth, Red Hat, and AI in Focus
IBM is set to release its first-quarter financial results after Wednesday's market close. Investors will scrutinize software segment growth, the newly acquired Confluent's contribution, and Red Hat's performance for clues on the 2026 outlook.
Corn Futures Dip Despite Robust Exports; Accenture, Safran Show Value Gaps
Corn futures declined slightly on Friday even as export commitments surged 30% year-over-year. In equities, valuation models suggest potential undervaluation for Accenture and Safran, contrasting with recent stock performance.
Accenture Shares Gain on Strong Q2, Yet Cautious Outlook Weighs on IT Sector
Accenture posted better-than-expected fiscal second-quarter results and lifted its full-year revenue guidance. However, its third-quarter forecast fell short of analyst expectations, reflecting ongoing client caution on large-scale IT investments.
Wall Street Futures Drop on Oil Spike, Fed Caution, and Tech Weakness
U.S. stock futures declined Thursday amid surging oil prices and a cautious Federal Reserve outlook, with tech shares pressured by Micron's capital expenditure increase.
Palantir Shares Decline Despite AI Partnership Announcements
Palantir Technologies shares dropped 2.7% on Friday, underperforming broader markets, following announcements of new artificial intelligence and defense partnerships. The stock remains down nearly 14% for 2026 despite significant gains over the past year.