AI still needs a human touch. Consulting stocks are the latest proof.
Davide Bonaldo/SOPA Images/LightRocket via Getty Images Accenture earnings showed companies aren't simply buying AI bots — they still need help making them useful. Consulting stocks are bouncing back as AI's former victims become its installers. Sign up for First Trade , Business Insider's daily markets newsletter. When it became clear that AI was going to be an unprecedented world-transforming force, investors were quick to write off entire industries. Goodbye, software. And consulting? Doomed to be replaced by the machines. The stock losses were swift and unforgiving. In the time since, both industries — and many others briefly afflicted by AI mania — have made their way back. The ball has been in their court to prove themselves, and the number of reclamation stories is growing. Accenture became the latest comeback kid on Thursday after reporting an across-the-board earnings beat. Investors keyed in on evidence that the company is successfully adjusting to the AI boom. M...
