
Accenture’s $4.18bn play fails as AI fears spark a 20% worst-ever stock plunge
On Thursday, Accenture hit its biggest one-day drop on record after forecasting worries that AI could hollow out consulting.
By Khalid Al-Harbi·· 3 min

Curating from trusted global sources…
4 briefings · “stock market”

On Thursday, Accenture hit its biggest one-day drop on record after forecasting worries that AI could hollow out consulting.

The largest IPO in history gives Elon Musk's rocket company a win, and signals how massive the next OpenAI and Anthropic deals could be.

First-day trading for the aerospace and AI company turned an unprecedented IPO into a $2tn-style market reckoning for public-market readiness.

The Elon Musk company set a target price for buyers earlier than expected, putting a giant private valuation in the market’s spotlight.