Management Consulting: Will the IT consulting share price rout ever end?

Accenture made a fortune from previous tech revolutions but investors think AI could kill it, not make it stronger

2. Juni 2026 um 11:03 Uhr / Stephen Foley, Financial Times

Snowflake CEO Sridhar Ramaswamy (R) speaks with Accenture Chief Strategy and Services Officer Manish Sharma during the Snowflake Summit 26 at Moscone Center on June 1, 2026 in San Francisco, California Bild: Minh Connors/Getty Images

Since Anthropic launched its cyber security-busting AI model Mythos in April, Accenture has fielded more than 1,000 inquiries from clients panicked about cyber defence. But while executives at the world's largest listed IT consultancy toasted the lucrative business, Wall Street slashed 10 per cent off Accenture's shares.

The pattern is the same every time a big advance in AI is announced, prompting a lurch downward for IT consulting shares and one of the stock market's most ferocious debates: is AI a once-in-a-generation bonanza for IT consultants, or an existential threat?