IT-Service Stocks Accenture and EPAM Systems Drop Amid AI Concerns
Accenture (ACN) fell nearly 18% on June 18 due to cautious guidance, while EPAM Systems (EPAM) dropped about 9%, driven by fears that artificial intelligence could reduce demand for their services. Both companies operate in the IT-services sector and are seen as potentially vulnerable to AI automation.
Topics: Accenture earnings AI impact on IT services EPAM Systems stock drop