11 Trending AI Stocks on Latest News and Ratings

2. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 79

Accenture plc (NYSE:ACN) is an information technology services company that provides strategy, consulting, and technology and operation services. It also provides AI consulting services, helping companies design, implement, and manage responsible AI solutions across various business functions. On February 27, the company confirmed a strategic investment through Accenture Ventures in Workhelix.

Workhelix is a tech-enabled services company that helps organizations reap the rewards of their AI investments. As part of the deal, Workhelix solutions are to be integrated into Accenture LearnVantage as the company looks to enhance its AI workforce transformation capabilities. The acquisition aligns with Accenture plc’s (NYSE:ACN) overarching plan to develop specialized AI capabilities through focused investments instead of solely organic expansion. The timing is especially favourable since generative AI implementation is proving difficult for many organizations, which is driving demand for comprehensive transformation services that consider both technological and human factors.