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The Economic Times
The Economic Times
Anupam Nagar

US Stock Market: Accenture’s AI transformation faces investor skepticism as stock plunges; CEO Julie Sweet remains confident

Accenture is facing renewed investor scrutiny after its latest quarterly performance triggered a sharp selloff, even as CEO Julie Sweet continues to push a long-term narrative centered on artificial intelligence (AI)-driven transformation.

The company’s shares fell nearly 20% following its fiscal third-quarter results, as investors reacted to weaker-than-expected bookings and a softer outlook. Despite the selloff, management has maintained that the current phase reflects transition rather than structural weakness.

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