US Stock Market Move | Accenture Plc Class A's performance guidance falls below expectations leading to a crash in IT service stocks. IBM (IBM.US) drops by more than 6%.

On Thursday, IBM (IBM.US) continued to fall at the opening, dropping by 6.33% as of the time of writing. The company's stock price has been consistently falling since reaching a high point of $330 on June 2nd, with a decline of over 25%. In terms of news, the latest performance data released by the globally renowned IT services company Accenture Plc Class A showed that the revenue outlook for the fourth quarter of fiscal year 2026 was below the average expectations of Wall Street analysts. The stock price fell by over 17% at the opening, and this global top-tier technology consulting firm reported an unexpected 2% decrease in order volume for the third quarter, pointing to ongoing fundamental uncertainty in the industry market under the "AI revolutionizes everything" superstorm led by AI application leader Anthropic, especially as the company's long-standing "time and fee pricing model" may be completely disrupted by AI intelligent bodies. Panic spread causing a collapse in IT service-related stocks.