13 Best Edge Computing Stocks to Buy According to Hedge Funds

Page 8 of 12

5. Accenture plc (NASDAQ:ACN)

Number of Hedge Fund holders: 79

Accenture plc (NYSE:ACN) is a global professional services firm, that offers consulting, digital transformation technology services, and outsourcing. However, edge computing is a part of the company’s offerings as it helps its clients to modernize their tech infrastructure. The tech behemoth helps businesses define where and how edge computing fits into their digital strategy. Accenture designs and implements edge solutions. The company also specializes in deploying AI models and IoT systems at the edge.

Accenture plc (NYSE:ACN) adjusted the lower end of its revenue forecast for 2025. It is now expecting a growth of 5% to 7%, up from the previous 4% to 7%. The company is optimistic about the demand for its AI Integration services. The stock rose 3% upon this adjustment. However, the company is expecting a slowdown in its federal services unit due to a massive cut in US government spending. Meanwhile, Accenture is penning a joint venture with Fincantieri Group unit Fincantieri NexTech to “accelerate digital transformation” in the cruise, defense, and port infrastructure sectors. The Fincantieri Ingenium joint venture will initially develop the Navis Sapiens system for new ships and upgrade existing fleets.

Page 8 of 12