AIYahoo Finance1 day ago
Accenture and EPAM Slump on AI Fears
1 min read
Accenture shares fell 18% on June 18, the worst single-day drop on record, after trimming its full-year revenue growth outlook to 3% to 4%. EPAM Systems slid 9% the same day without reporting results. The sell-off reflects investor fear that AI threatens IT-services work, though Accenture trades at roughly 10 times earnings.
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