Shares of several consulting companies fell on Monday after OpenAI (OPENAI) announced it is launching an OpenAI Deployment Company.
However, analysts at UBS remained positive for Accenture (ACN)
Cognizant Technology (CTSH) tumbled about 5%, Infosys (INFY) fell Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters To ensure this doesnât happen in the future, please enable Javascript and cookies in your browser. If you have an ad-blocker enabled you may be blocked from proceeding.
Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights OpenAI’s announcement led to declines in several consulting firm stocks like Cognizant, Infosys, and Accenture, due to investor concerns about competition. Accenture has far greater scale, global footprint, and operational infrastructure compared to OpenAI, making it better positioned for complex, multiyear AI programs.