Accenture’s AI story takes a kicking – Fudzilla.com
… Its shares plunged 18 per cent in early-afternoon trading, sinking to their lowest level in nearly 10 years after the firm cut revenue guidance. …
… Its shares plunged 18 per cent in early-afternoon trading, sinking to their lowest level in nearly 10 years after the firm cut revenue guidance. …
… Adjusted earnings guidance for the next quarter was 93 cents a share, ahead of the 90 cents analysts had pencilled in. …
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… That was up 12 per cent from a year earlier and above the top end of its own guidance. …
… Huang’s keynote came shortly after the US Commerce Department issued guidance closing a loophole that may have allowed Chinese firms access to Nvidia’s AI chips. …
… Visible Alpha head of research Melissa Otto said: “The AI revenue guidance came in a bit light. …
… The stock had dropped as much as seven per cent after the chipmaker posted second-quarter numbers that beat the cocaine nose jobs of Wall Street estimates but served up softer forward guidance. …
… By spreading the cash across more hardware companies, investors appear to be betting the AI bull market has legs. …