US stocks fluctuate | Accenture's performance guidance falls below expectations, bringing down IT service stocks IBM (IBM.US) by over 6%
According to the Securities Times app, on Thursday, IBM (IBM.US) continued to decline at the opening, falling by 6.33% as of press time. The company's stock price has been falling continuously since reaching a high of $330 on June 2, with a decline of over 25%. On the news side, the latest performance data released by the globally renowned IT services company Accenture shows that the revenue outlook for the fourth quarter of fiscal year 2026 is below the average expectations of Wall Street analysts. The stock price opened with a large drop of over 17%, and this global top technology consulting company reported an unexpected 2% decline in third-quarter orders, indicating that the industry market continues to face fundamental uncertainty under the "AI revolutionizes everything" superstorm led by AI application leader Anthropic, especially the long-standing "time and fee billing model" that the company relies on for its survival may be completely overturned by AI intelligent entities. Panic spreading leads to the collapse of IT service-related stocks.
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