US Stock Market: Accenture’s AI transformation faces investor skepticism as stock plunges; CEO Julie Sweet remains confident

Accenture shares fell around 20% after its fiscal third-quarter results showed revenue of approximately $18.7 billion, missing market expectations. New bookings declined in low single digits and the company trimmed its full-year growth guidance, citing macroeconomic uncertainty and geopolitical disruptions. CEO Julie Sweet pushed back against negative sentiment, arguing the company is in a multi-year AI-led transformation cycle that will eventually drive stronger revenue momentum.