It's not often that we use “high yield” and “tech stocks” in the same sentence. However, some of the legacy software and consulting companies have joined the league, thanks to the drawdown in their stocks amid “AI-pocalypse” fears. With artificial intelligence (AI) looking to automate coding and back-office tasks, the “man-hours” model that IT services firms rely on could be at risk. Accenture (ACN) is among the names that have been in the penalty box amid fears that AI would cause large-scale business disruption for the sector. However, such fears have eased, and legacy tech companies, which were considered net AI losers, have jumped sharply from their lows. Looking at some specific stocks, Adobe (ADBE) and Salesforce (CRM) have respectively risen 54% and 76% from their 2026 lows, while Accenture has soared 60%.
