옵션 체인은 다양한 행사가격과 만기일에 대한 Accenture의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Accenture에 대한 시장 심리를 평가합니다..

Accenture (NYSE:ACN) 주식, 옵션 체인

Accenture

Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.

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엔비디아(NASDAQ:NVDA)는 인공지능(AI) 분야에서 뱅크 오브 아메리카(Bank of America)의 최고의 주식 선택으로 계속 남아 있으며, 분석가 비벡 아리아(Vivek Arya)는 이 회사를 &#34;세대의 기회(generational opportunity)&#34;라고 평가했다.

AI가 &#39;세기적인 기회&#39;를 창출: 엔비디아의 주가가 $190에 도달할 것이라고 말하는 이유

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최근 투자자들의 관심을 끌고 있는 기술 뉴스에 따르면, 엔비디아(NASDAQ:NVDA)와 액센츄어(NYSE:ACN)가 협력하여 기업 내 인공지능(AI) 채택의 새로운 시대를 열어가고 있다.

엔비디아의 AI 리더십이 $1조 시장 성장을 주도, 액센츄어와의 파트너십이 채택 가속화

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액센츄어(NYSE:ACN)의 주식은 회사가 &#39;액센츄어 엔비디아 비즈니스 그룹&#39;을 출범시키기 위해 엔비디아(NASDAQ:NVDA)와의 파트너십을 확대한다고 발표한 후 수요일 연장 거래에서 2% 이상 상승했다.

액센츄어의 주식은 수요일 애프터 마켓에서 2% 이상 상승: 엔비디아와의 파트너십 확대

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Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) has acquired <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.allitix.com%2F&amp;esheet=54146179&amp;newsitemid=20241101706095&amp;lan=en-US&amp;anchor=Allitix&amp;index=1&amp;md5=cec961144df5185f086ee64693072e49">Allitix</a>, a consulting and technology company specializing in <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.anaplan.com%2F&amp;esheet=54146179&amp;newsitemid=20241101706095&amp;lan=en-US&amp;anchor=Anaplan&amp;index=2&amp;md5=73dac1ac86b212b3d7ee395d20fa41d6">Anaplan</a> solutions with capabilities across financial planning and analysis, sales performance management and supply chain. The acquisition further strengthens Accenture's connectedplanning capabilities using Anaplan, a platform that helps organizations see, plan and lead better business outcomes, and enhances its ability to help clients standardize planning practices across business functions for increased agility, productivity, and data-driven decision making.

Accenture Acquires Allitix To Expand Integrated Enterprise Planning Capabilities; Terms Of The Transaction Were Not Disclosed

As part of this investment, Accenture and 1910 will collaborate to combine tailored solutions and scalable infrastructure to help clients in the biopharma industry accelerate drug target identification, reduce costs, and deliver better, more affordable therapies to patients.

Accenture Invests, Through Accenture Ventures, In 1910 Genetics; Terms Not Disclosed

Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">marginally higher on Tuesday.</a>
In a press release, the company announced that Accenture Federal Services has received a Task Order worth up to $1.6 billion to effectively scale and improve the U.S. Air Force&#8217;s<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41598490/accenture-federal-services-wins-1-6-billion-u-s-air-force-cloud-one-task-order" rel="noreferrer noopener"> multi-cloud Cloud One environment.</a>
&#8220;Accenture Federal Services will help the U.S. Air Force optimize its current cloud environment and support Cloud One in realizing its full potential,&#8221; said Justin Shirk, a Mission Operations and Cloud Ecosystems managing director in Accenture Federal Services.&nbsp;
Accenture Federal Services will also deliver multi-cloud billing and account management services for the Air Force.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, ACN stock has gained over 24% in the past year. Investors can gain exposure to the stock via&nbsp;Trust for Professional Managers Jensen Quality Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JGRW#NYSE">JGRW</a>) and&nbsp;Siren Nasdaq NexGen Economy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLCN#NASDAQ">BLCN</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41597492/mcdonalds-q3-earnings-revenue-and-profit-beat-global-comp-sales-dip-no-mention-of-e-coli-impact" rel="noreferrer noopener">McDonald&#8217;s Q3 Earnings: Revenue And Profit Beat, Global Comp Sales Dip, No Mention Of E.coli Impact</a>
The company expressed confidence that its deep understanding of the U.S. Air Force&#8217;s mission-critical needs, along with its expertise in cloud transformation and embedded FinOps, positions it to provide a managed cloud and software service that aligns effectively with the agency&#8217;s long-term goals.
The length of the Accenture Federal Services Cloud One Task Order support contract is up to five years and 3 months.
Last month, Accenture&nbsp;expanded its partnership with&nbsp;NVIDIA Corp. to launch the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41142895/accenture-and-nvidia-team-up-to-supercharge-global-ai-adoption-details" rel="noreferrer noopener">Accenture NVIDIA Business Group.&nbsp;</a>
Accenture said the new Accenture Nvidia Business Group launched with 30,000 professionals receiving&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41138752/accenture-and-nvidia-lead-enterprises-into-era-of-ai" rel="noreferrer noopener">training globally</a> to help clients scale enterprise AI adoption with AI agents using Accenture's AI Refinery developed on the NVIDIA AI stack.&nbsp;
The Accenture AI Refinery will be available on all public and private cloud platforms and will integrate with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem.
Price Action: ACN shares are trading higher by 0.63% to $363.60 at last check Tuesday.
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Accenture Lands $1.6B US Air Force Deal To Elevate Cloud One: Details

Company to Deliver Multi-Cloud Management Services in Support of the Warfighter Mission
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.accenture.com%2Fus-en%2Findustries%2Fafs-index&amp;esheet=54143045&amp;newsitemid=20241029019720&amp;lan=en-US&amp;anchor=Accenture+Federal+Services&amp;index=1&amp;md5=d4d4643d9eff2c97c0e05952cbe36017">Accenture Federal Services</a> has been awarded a Task Order of up to $1.6 billion to efficiently scale and enhance the U.S. Air Force's multi-cloud Cloud One environment.

Accenture Federal Services Wins $1.6B U.S. Air Force Cloud One Task Order To Deliver Multi-Cloud Management Services In Support Of The Warfighter Mission

Accenture's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) short percent of float has fallen 4.0% since its last report. The company recently reported that it has 6.03 million shares sold short, which is 0.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.9 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Accenture Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729801813_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Accenture has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Accenture's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Accenture's peer group average for short interest as a percentage of float is 4.31%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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(ACN) - Analyzing Accenture's Short Interest

Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) has outperformed the market over the past 5 years by 1.15% on an annualized basis producing an average annual return of 14.88%. Currently, Accenture has a market capitalization of $231.06 billion. 
Buying $1000 In ACN: If an investor had bought $1000 of ACN stock 5 years ago, it would be worth $2,022.12 today based on a price of $369.79 for ACN at the time of writing.
<h3>Accenture's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729710016_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,000 Today

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/10/22/final-trades-accenture-ibm-royal-caribbean-and-the-iyj.html">Halftime Report Final Trades</a>,&#8221; Brenda Vingiello of Sand Hill Global Advisors picked Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), saying the outsourcing and consulting theme are going to be a huge theme <a href="https://www.benzinga.com/markets/equities/24/10/41142895/accenture-and-nvidia-team-up-to-supercharge-global-ai-adoption-details">over the next decade</a>.
On Oct. 2, Accenture inked an expanded partnership with NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which included the establishment of a new NVIDIA Business Group by Accenture to assist global enterprises in rapidly scaling their AI adoption.
Rob Sechan of NewEdge Wealth named International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) ahead of earnings.
IBM will release earnings results for its third quarter, after the closing bell on Wednesday, Oct. 23. Analysts expect the Armonk, New York-based company to report quarterly earnings at $2.23 per share, up from $2.01 per share in the year-ago period. IBM projects to report revenue of $15.07 billion for the recent quarter, compared to $13.42 billion a year earlier, according to data from Benzinga Pro.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Shannon Saccocia of NB Private Wealth named iShares U.S. Industrials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYJ#NYSE">IYJ</a>) as her final trade.
Joseph M. Terranova of Virtus Investment Partners picked Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>).
On Tuesday, Barclays analyst Brandt Montour maintained Royal Caribbean with an Overweight and raised the price target from $195 to $244.
Price Action:
<ul>
<li>Accenture fell 1.1% to close at $371.79 during Tuesday's session.</li>
<li>IBM shares gained 0.2% to settle at $232.25.</li>
<li>iShares U.S. Industrials ETF fell 1.1% during Tuesday's session.</li>
<li>Royal Caribbean Cruises shares gained 1.7% to close at $203.35 on Tuesday.</li>
</ul>
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IBM, Accenture, Royal Caribbean Cruises And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Accenture, International Business Machines, Royal Caribbean Cruises, iShares U.S. Industrials ETF

Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) has made a strategic investment, through <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.accenture.com%2Fus-en%2Fabout%2Fventures-index&amp;esheet=54139687&amp;newsitemid=20241022558250&amp;lan=en-US&amp;anchor=Accenture+Ventures&amp;index=1&amp;md5=12d1936e819ae67995cd5477a47d08d4">Accenture Ventures</a>, in <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.realitydefender.com%2F&amp;esheet=54139687&amp;newsitemid=20241022558250&amp;lan=en-US&amp;anchor=Reality+Defender&amp;index=2&amp;md5=a9bf4f55893787219bed6cb4ffaa88d7">Reality Defender</a>, an RSA Innovation award-winning cybersecurity company specializing in deepfake detection. Together, Accenture and Reality Defender will equip clients in the financial services, media and high-tech industries with the ability to rapidly identify, detect, respond to and prevent deepfake fraud.

Accenture Invests In Reality Defender To Help Fight Deepfake Extortion, Fraud And Disinformation; Terms Of The Investment Were Not Disclose

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continues to be Bank of America&#8217;s top stock pick within the artificial intelligence (AI) universe, with analyst Vivek Arya labeling the company <a href="https://www.benzinga.com/news/24/10/41405124/whats-going-on-with-nvidia-stock-on-friday">as a &#8220;generational opportunity.&#8221; </a>
On Thursday, the investment bank raised its price target for the company from $165 to $190. This implies a 40% upside compared to current market prices, on the heels of Nvidia's &#8220;dominant market position in AI chips&#8221; and future AI-driven growth.
<h3 class="wp-block-heading">Bank Of America Raises Earnings Estimates On Nvidia</h3>
Arya significantly boosted Nvidia&#8217;s earnings forecasts for 2025 and 2026 by 13% to 20%. He also highlighted the company&#8217;s &#8220;strong competitive lead&#8221; in the AI sector, controlling 80-85% of the market.
The analyst estimated that Nvidia could tap into a total addressable market (TAM) of over $400 billion by 2024. That&#8217;s four times larger than what was previously projected.
Several recent industry developments have also reinforced Bank of America's confidence in Nvidia&#8217;s long-term prospects. 
Among these are strong earnings from key suppliers like Taiwan Semiconductor Company Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NASDAQ">TSM</a>) and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)&#8217;s recent AI event, alongside meetings with tech giants like Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), and key players in optical technologies. 
Recent reports from TSMC confirm that demand for AI technologies is robust and will likely remain so for years to come.
According to Nvidia management, demand for the company's next-generation Blackwell chips is &#8220;insane,&#8221; further supporting the bullish outlook.
The report also highlights Nvidia's &#8220;extraordinary cash generation potential.&#8221; Arya predicts the company could generate over $200 billion in &#8220;free cash flow&#8221; (FCF) over the next two years, with margins of 45-50%—almost double the average of the so-called &#8220;Magnificent 7&#8221; tech stocks, which includes giants like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>). 
<h3 class="wp-block-heading">Undervalued Partnerships And Revenue Growth</h3>
Arya also indicate that Nvidia's growing enterprise partnerships with companies such as Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) are &#8220;undervalued by the market.&#8221; 
Beyond its hardware dominance, Nvidia&#8217;s software offerings, like its Networking Interface Modules (NIMs), are critical components in maintaining its leadership in AI infrastructure. These partnerships are expected to drive further expansion across multiple industries.
Despite NVIDIA's strong growth outlook and market dominance, Arya believes its &#8220;valuation remains attractive.&#8221; He calculates that NVIDIA's price-to-earnings growth (PEG) ratio for 2025 is just 0.6x, well below the average PEG ratio of 1.9x for the &#8220;Magnificent 7&#8221; stocks.
<h3 class="wp-block-heading">Market Reactions</h3>
Shares of Nvidia rose 0.84% on Friday to $138, just a hair&#8217;s breadth away from its record high of $140.89 set the previous day.
The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) slipped 0.1%, poised for a weekly decline of about 2.8%, following Wednesday&#8217;s selloff sparked by negative market reactions to ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)&#8217;s early earnings release.
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AI Creates 'Generational Opportunity': Why Nvidia Analyst Says Stock Will Hit $190

Accenture Federal Services Launches 'Federal AI Solution Factory' With Google Public Sector

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.accenture.com%2Fus-en%2Fabout%2Fcompany%2Funited-states&amp;esheet=54134974&amp;newsitemid=20241011534028&amp;lan=en-US&amp;anchor=Accenture&amp;index=1&amp;md5=be060dc19101383a76178c415e31ad3c">Accenture</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) has acquired <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.thejoshuatreegroup.com%2F&amp;esheet=54134974&amp;newsitemid=20241011534028&amp;lan=en-US&amp;anchor=Joshua+Tree+Group&amp;index=2&amp;md5=3248348ee43411265288398435e96ac8">Joshua Tree Group</a> ("JTG"), a supply chain consulting firm specializing in distribution center performance. The acquisition will help Accenture make distribution centers more productive and efficient for its clients in retail, consumer goods and other product-based industries. It also expands Accenture's capabilities to design and build more autonomous supply chains, where AI-powered tools improve labor productivity, inventory management and customer fulfillment.
&nbsp;

Accenture Acquires Joshua Tree Group To Enhance Distribution Center Performance For Retail And Consumer Goods Clients; The Terms Of The Deal Were Not Disclosed

Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) has outperformed the market over the past 10 years by 4.91% on an annualized basis producing an average annual return of 16.84%. Currently, Accenture has a market capitalization of $225.13 billion. 
Buying $100 In ACN: If an investor had bought $100 of ACN stock 10 years ago, it would be worth $472.15 today based on a price of $359.64 for ACN at the time of writing.
<h3>Accenture's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728585021_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Accenture 10 Years Ago Would Be Worth Today

In the current market session, Accenture Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) stock price is at $359.07, after a 1.25% decrease. However, over the past month, the company's stock went up by 2.63%, and in the past year, by 18.97%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1728581414_0.png" alt="Past Year Chart" />

<h3>How Does Accenture P/E Compare to Other Companies?</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Accenture has a lower P/E than the aggregate P/E of 56.69 of the IT Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1728581414_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Price Over Earnings Overview: Accenture

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), saying he likes <a href="https://www.benzinga.com/news/24/03/37876921/reddit-stock-opens-for-trading-at-47-everything-you-need-to-know">the stock very much</a>.
Reddit made its long-awaited entry into the public markets earlier this year as the first major initial public offering of 2024. After pricing its IPO at $34 per share, the stock opened on March 21 for trading at $47. It closed Wednesday at $71 per share.
Carmaer also likes Cava (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>). &#8220;I don't want you to buy it up here,&#8221; he said. &#8220;I do want you <a href="https://www.benzinga.com/quote/CAVA/analyst-ratings">to own it</a>.&#8221;
The &#8220;Mad Money&#8221; host said Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is &#8220;too hard&#8221; and recommended buying Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
When asked about GE HealthCare Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NYSE">GEHC</a>), he said. &#8220;I'd wait for another downgrade and buy more. I would not buy more right here.&#8221;
Cramer said buying McCormick &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) right here is a &#8220;very good idea.&#8221;
The Mad Money host said GlaxoSmithKline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) goes higher.
Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is a &#8220;winner,&#8221; he said.
&#8220;This is a loser. Maybe it can make a comeback,&#8221; Cramer said when asked about Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>). &#8220;I got too enthusiastic about it.&#8221;
Cramer said he is not encouraging buying in that sector, when asked about Equinor ASA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQNR#NYSE">EQNR</a>).
Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) is a &#8220;great buy&#8221; here, Cramer said.
Cramer said he just doesn't understand Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>).
Price Action:
<ul>
<li>Cava shares fell 0.1% to settle at $131.86 on Wednesday.</li>
<li>Trump Media &amp; Technology shares fell 5.6% to close at $20.57.</li>
<li>Reddit shares gained 0.3% to close at $71.00.</li>
<li>Accenture shares rose 1.3% to close at $365.08.</li>
<li>Equinor shares fell 2% to settle at $24.88 on Wednesday.</li>
<li>Nextracker shares gained 0.3% to settle at $35.24.</li>
<li>Cadence Design shares gained 3.5% to close at $279.56 on Wednesday.</li>
<li>GlaxoSmithKline shares gained 5.8% to close at $40.24 on Wednesday.</li>
<li>Super Micro Computer shares gained 4.3% to close at $47.29 during the session.</li>
<li>GE Healthcare shares gained 0.1% to close at $90.77 during Wednesday's session.</li>
<li>McCormick shares gained 0.1% to close at $79.71 on Wednesday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41266054/s-p-settles-at-record-high-as-apple-amazon-shares-surge-investor-optimism-improves-ahead-of-inflati">S&amp;P Settles At Record High As Apple, Amazon Shares Surge: Investor Optimism Improves Ahead Of Inflation Data</a></li>
</ul>
Image: Shutterstock

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CAVA

CDNS

EQNR

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RDDT

SMCI

Jim Cramer Likes Reddit Very Much, Calls Accenture A 'Great Buy'

Following significant lobbying from major tech companies, California Gov. Gavin Newsom (D) has vetoed a bill designed to regulate AI, citing concerns <a href="https://www.benzinga.com/news/24/09/41083785/gavin-newsom-vetoes-controversial-ai-regulation-bill-backed-by-elon-musk-framework-must-keep-pace-wi" target="_blank" rel="noreferrer noopener">that it could stifle innovation</a>.
Telecom &amp; Smartphone
In the&nbsp;settlement with the Federal&nbsp;Communications Commission (FCC,)&nbsp;T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) has pledged to significantly <a href="https://www.benzinga.com/news/24/10/41111077/t-mobile-commits-to-major-cybersecurity-investment-following-fcc-settlement" target="_blank" rel="noreferrer noopener">improve its cybersecurity infrastructure</a>.
Following a warning from&nbsp;Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google,&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has removed&nbsp;Juno, an unofficial YouTube&nbsp;app designed <a target="_blank" href="https://www.benzinga.com/news/24/10/41134764/apple-removes-unofficial-youtube-app-for-vision-pro-from-app-store-developer-disagrees-but-says-zero" rel="noreferrer noopener">for&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41134764/apple-removes-unofficial-youtube-app-for-vision-pro-from-app-store-developer-disagrees-but-says-zero" rel="noreferrer noopener">Vision Pro</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41134764/apple-removes-unofficial-youtube-app-for-vision-pro-from-app-store-developer-disagrees-but-says-zero" rel="noreferrer noopener">, from its&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41134764/apple-removes-unofficial-youtube-app-for-vision-pro-from-app-store-developer-disagrees-but-says-zero" rel="noreferrer noopener">App Store</a>.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41153448/apple-analyst-signals-slower-start-to-the-ai-cycle-as-iphone-16-demand-softens" rel="noreferrer noopener">Apple Analyst Signals &#8216;Slower Start To The AI Cycle&#8217; As iPhone 16 Demand Softens</a>
The&nbsp;National Labor Relations Board&nbsp;has reportedly filed a complaint against&nbsp;Apple, alleging that the tech giant compelled its employees to sign illegal confidentiality, non-compete, <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41136199/apple-accused-of-violating-federal-law-over-alleged-illegal-employee-agreements-nlrb-hearing-set" rel="noreferrer noopener">and non-disclosure agreements</a>.
A study conducted by&nbsp;Consumer Intelligence Research Partners or CIRP has&nbsp;once again revealed&nbsp;that&nbsp;Apple's iPhone&nbsp;users tend to retain their <a target="_blank" href="https://www.benzinga.com/news/24/10/41158721/better-quality-or-higher-loyalty-apples-iphone-users-retain-their-devices-longer-than-those-buying-g" rel="noreferrer noopener">smartphones longer than&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41158721/better-quality-or-higher-loyalty-apples-iphone-users-retain-their-devices-longer-than-those-buying-g" rel="noreferrer noopener">Android</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41158721/better-quality-or-higher-loyalty-apples-iphone-users-retain-their-devices-longer-than-those-buying-g" rel="noreferrer noopener">&nbsp;users</a>.
Related: <a target="_blank" href="https://www.benzinga.com/news/24/10/41146507/apples-iphone-16-series-leads-growth-but-high-end-model-preference-declines-analyst" rel="noreferrer noopener">Apple&#8217;s iPhone 16 Series Leads Growth, But High-End Model Preference Declines: Analyst</a>
Social Media, Entertainment &amp; Streaming Platform
Paramount Global&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) Paramount Game Studios&nbsp;and&nbsp;Saber Interactive&nbsp;are teaming up with&nbsp;Avatar Studios&nbsp;to create what they&#8217;re calling the <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41169797/paramount-announces-aaa-avatar-game-featuring-never-before-seen-avatar" rel="noreferrer noopener">&#8220;biggest video game in franchise history,</a>&#8220;
Pavel Durov's Telegram, the widely-used social media platform, has acknowledged its compliance with multiple U.S. <a target="_blank" href="https://www.benzinga.com/news/24/10/41157343/pavel-durovs-telegram-forked-over-data-to-us-law-enforcement-affected-users-108" rel="noreferrer noopener">law enforcement data requests this year</a>.
ByteDance, the parent company of&nbsp;TikTok, reportedly plans to develop a new AI model using <a target="_blank" href="https://www.benzinga.com/news/24/09/41085643/tiktok-parent-bytedance-to-reportedly-use-huawei-chips-to-train-ai-model" rel="noreferrer noopener">chips from&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/09/41085643/tiktok-parent-bytedance-to-reportedly-use-huawei-chips-to-train-ai-model" rel="noreferrer noopener">Huawei Technologies</a>.
YouTube has restricted access to songs by renowned artists such as&nbsp;Adele,&nbsp;Bob Dylan, and&nbsp;Green Day in the U.S. This move is a result of an ongoing legal dispute<a target="_blank" href="https://www.benzinga.com/news/24/09/41085603/youtube-blocks-us-access-to-adele-bob-dylan-songs-amid-rights-dispute-googles-video-platform-respond" rel="noreferrer noopener"> with the performing rights organization,&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/09/41085603/youtube-blocks-us-access-to-adele-bob-dylan-songs-amid-rights-dispute-googles-video-platform-respond" rel="noreferrer noopener">SESAC</a>.
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) will start producing its&nbsp;Quest virtual reality headsets&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41113372/mark-zuckerberg-follows-tim-cooks-footsteps-meta-to-begin-quest-vr-headset-production-in-vietnam" rel="noreferrer noopener">in Vietnam starting in 2025</a>.
Meta Platforms has confirmed that it may use any image shared with Meta AI for training purposes, including those <a target="_blank" href="https://www.benzinga.com/news/24/10/41157628/mark-zuckerbergs-meta-can-use-ray-ban-images-you-click-to-train-ai-theres-no-opt-out-either" rel="noreferrer noopener">captured on&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41157628/mark-zuckerbergs-meta-can-use-ray-ban-images-you-click-to-train-ai-theres-no-opt-out-either" rel="noreferrer noopener">Ray-Ban Meta</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41157628/mark-zuckerbergs-meta-can-use-ray-ban-images-you-click-to-train-ai-theres-no-opt-out-either" rel="noreferrer noopener">&nbsp;smart glasses</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41084112/mark-zuckerberg-says-orion-is-probably-going-to-be-the-next-major-platform-after-phones-metas-new-ar" rel="noreferrer noopener">Mark Zuckerberg Says, Orion &#8216;Is Probably Going To Be The Next Major Platform After Phones&#8217; — Meta&#8217;s New AR Wearables Real-Life Tony Stark Glasses In The Making?</a>
Short-selling firm The Bear Cave publishes a new report targeting Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) for the fourth time since 2022. The report focuses on serious allegations, including the production of child pornography,<a target="_blank" href="https://www.benzinga.com/news/24/10/41170031/short-seller-alleges-roblox-facilitated-widespread-child-abuse-potentially-played-a-role-in-mass-sho" rel="noreferrer noopener"> child kidnapping, and physical abuse</a>.
Technology
According to&nbsp;Microsoft Corp.'s (NASADAQ: MSFT)&nbsp;update&nbsp;released on Sep. 26, the latest Windows 11 update has been causing some devices to restart multiple times or become <a href="https://www.benzinga.com/news/24/10/41136348/another-blue-screen-day-microsofts-windows-11-reboot-might-cause-temporary-glitches-heres-how-to-fix" target="_blank" rel="noreferrer noopener">unresponsive with blue or green screens</a>.
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has reportedly launched a new AI chatbot named "Cedric," designed to be safer than ChatGPT created <a target="_blank" href="https://www.benzinga.com/news/24/10/41136796/amazon-reportedly-urges-employees-to-use-in-house-ai-chatbot-safer-than-chatgpt" rel="noreferrer noopener">by&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41136796/amazon-reportedly-urges-employees-to-use-in-house-ai-chatbot-safer-than-chatgpt" rel="noreferrer noopener">OpenAI&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41136796/amazon-reportedly-urges-employees-to-use-in-house-ai-chatbot-safer-than-chatgpt" rel="noreferrer noopener">for internal use</a>.
Amazon is reportedly set to increase the number of advertisements on its&nbsp;Prime Video platform&nbsp;starting next year. This initiative is part of the company's broader strategy to enhance its <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41162458/amazon-ceo-andy-jassy-said-prime-video-will-have-meaningfully-fewer-ads-than-rivals-2-month" rel="noreferrer noopener">ad-supported streaming services</a>.
Google DeepMind&nbsp;and BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) are collaborating to develop AI lab assistants aimed <a target="_blank" href="https://www.benzinga.com/general/biotech/24/10/41139262/google-deepmind-biontech-unveil-ai-lab-assistants-to-revolutionize-scientific-research" rel="noreferrer noopener">at enhancing scientific research</a>.
Gmail, the email service provided by Google, has introduced dynamic summary cards that will make it easier for users to track purchases, events, bills, and travel <a target="_blank" href="https://www.benzinga.com/news/24/10/41157583/gmail-introduces-dynamic-summary-cards-for-easier-tracking-of-purchases-events-and-more" rel="noreferrer noopener">details directly from their inboxes</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41108345/apples-satellite-messaging-feature-emerges-as-lifeline-after-hurricane-helene-leaves-thousands-witho" rel="noreferrer noopener">Apple&#8217;s Satellite Messaging Feature Emerges As Lifeline After Hurricane Helene Leaves Thousands Without Cell Phone Service: Here&#8217;s How You Can Use It</a>
Jensen Huang, CEO of&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), said that the demand for the company's next-gen&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/10/41156900/nvidia-ceo-jensen-huang-says-demand-for-next-gen-blackwell-gpu-platform-insane-everyone-wants-to-hav" rel="noreferrer noopener">Blackwell</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41156900/nvidia-ceo-jensen-huang-says-demand-for-next-gen-blackwell-gpu-platform-insane-everyone-wants-to-hav" rel="noreferrer noopener">&nbsp;GPU&nbsp;platform is "insane.</a>"
Nvidia expanded partnership with Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), establishing a new business group <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41142895/accenture-and-nvidia-team-up-to-supercharge-global-ai-adoption-details" rel="noreferrer noopener">to scale enterprise AI adoption</a>.
Gaming
Sony Group Corporation&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) PlayStation 5 dashboard introduced a new advertising system. This recent update saw game icons on the homepage replaced with promotional content and ads that cannot be disabled <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/41100852/ps5-users-blast-new-ads-on-dashboard-cant-be-disabled-without-internet-disconnect" rel="noreferrer noopener">without disconnecting from the internet</a>.
Epic Games, the developer behind the globally popular game Fortnite, has launched a new legal battle, this time accusing Samsung and&nbsp;Google&nbsp;accusing them of antitrust violations for <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/41098067/epic-games-files-new-antitrust-lawsuit-against-google-samsung-over-app-store-restrictions" rel="noreferrer noopener">limiting competition in the Google Play Store</a>.
Epic Games adds Time Limit Controls to Fortnite, letting parents manage their kids&#8217; playtime via in-game <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41126126/fortnite-just-made-parenting-easier-how-to-control-your-kids-playtime-with-latest-update" rel="noreferrer noopener">settings or the Epic Account Portal</a>.
Square Enix Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SQNXF#OTC">SQNXF</a>) plans to release Final Fantasy 16 on Xbox, with producer Naoki &#8220;Yoshi-P&#8221; Yoshida confirming<a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41127513/final-fantasy-16-on-xbox-square-enix-hints-at-a-possible-release" rel="noreferrer noopener"> the intention but no specific date</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41086901/mark-zuckerberg-on-why-he-wouldnt-want-his-kids-to-completely-rely-on-ai-theres-some-things-that-you" rel="noreferrer noopener">Mark Zuckerberg On Why He Wouldn&#8217;t Want His Kids To Completely Rely On AI: &#8216;There&#8217;s Some Things That You Need To Able To Do Yourself&#8217;</a>
Elon Musk
Elon Musk&nbsp;reacted sharply to comments made by&nbsp;Paul Graham&nbsp;regarding the renaming of Twitter to X. Graham, a co-founder of Y Combinator, expressed his views on the name change, suggesting it neither harmed <a target="_blank" href="https://www.benzinga.com/news/24/09/41087287/elon-musk-responds-after-y-combinators-paul-graham-says-twitter-name-change-was-a-waste-of-time-you" rel="noreferrer noopener">nor benefited the platform</a>.
Elon Musk&nbsp;announced that the bold font will be removed from&nbsp;X's main timeline. This decision follows what Musk described as "immediate and <a target="_blank" href="https://www.benzinga.com/news/24/10/41111038/elon-musk-gets-bold-font-removed-from-xs-main-timeline-because-of-excessive-use-my-eyes-are-bleeding" rel="noreferrer noopener">excessive use" of the feature</a>.
Tesla&nbsp;and&nbsp;SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;has accused&nbsp;OpenAI&nbsp;of unfair funding practices after a report suggested that the&nbsp;AI startup&nbsp;has been discouraging investors from <a target="_blank" href="https://www.benzinga.com/news/24/10/41156902/elon-musk-says-openai-is-evil-after-chatgpt-parent-reportedly-asked-investors-not-to-invest-in-rival" rel="noreferrer noopener">backing rival startups, including&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41156902/elon-musk-says-openai-is-evil-after-chatgpt-parent-reportedly-asked-investors-not-to-invest-in-rival" rel="noreferrer noopener">xAI</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41086806/elon-musk-mocks-vinod-khosla-after-openai-investor-mixes-up-argentinas-poverty-and-unemployment-rate" rel="noreferrer noopener">Elon Musk Mocks Vinod Khosla After OpenAI Investor Mixes Up Argentina&#8217;s Poverty And Unemployment Rates To Draw Parallels Between Javier Milei And Trump: &#8216;Vinod Is Just Actually Not Smart&#8217;</a>
Artificial Intelligence (AI)
Cathie Wood's Ark Venture Fund agreed to invest a minimum of $250 million in&nbsp;OpenAI's&nbsp;latest funding round, making <a target="_blank" href="https://www.benzinga.com/24/10/41156606/cathie-wood-led-ark-venture-fund-agrees-to-invest-at-least-250m-in-openais-historic-funding-round-ch" rel="noreferrer noopener">it&nbsp;one of the largest in&nbsp;startup history</a>.
OpenAI‘s recent artificial intelligence-driven search engine, SearchGPT, is set to challenge&nbsp;Alphabet subsidiary&nbsp;Google‘s&nbsp;long-standing <a target="_blank" href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat" rel="noreferrer noopener">dominance in the search market</a>.
OpenAI&nbsp;has secured more than $6.5 billion in new funding at a valuation of $157 billion as it looks to increase its lead <a target="_blank" href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round" rel="noreferrer noopener">in the&nbsp;artificial intelligence space</a>.
Character.ai&nbsp;is pivoting its strategy following the departure of its founders <a href="https://www.benzinga.com/news/24/10/41141844/after-googles-2-7b-acquisition-of-founders-and-staff-this-ai-startup-abandons-large-language-model-p" target="_blank" rel="noreferrer noopener">to&nbsp;</a><a href="https://www.benzinga.com/news/24/10/41141844/after-googles-2-7b-acquisition-of-founders-and-staff-this-ai-startup-abandons-large-language-model-p" target="_blank" rel="noreferrer noopener">Google </a><a href="https://www.benzinga.com/news/24/10/41141844/after-googles-2-7b-acquisition-of-founders-and-staff-this-ai-startup-abandons-large-language-model-p" target="_blank" rel="noreferrer noopener">in a $2.7 billion deal</a>.
Also Read: <a href="https://www.benzinga.com/news/24/10/41137657/spotify-ceo-daniel-ek-says-he-stays-away-from-sports-competition-with-facebook-co-founder-mark-zucke" target="_blank" rel="noreferrer noopener">Spotify CEO Daniel Ek Says He Stays Away From Sports Competition With Facebook Co-Founder Mark Zuckerberg: &#8216;I Know It&#8217;ll End Badly For Both Of Us&#8217;</a>

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Consumer Tech News (Sept 30-Oct 4): Latest Windows 11 Update Causing Trouble, Apple Accused Of Compelling Employees To Sign Illegal Agreements & More

OpenAI&#8216;s latest valuation of more than $150 billion, plus Nvidia Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) &#8220;watershed&#8221; partnership with Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), indicates that the &#8220;AI tidal wave&#8221; of spending is hitting its next growth stage, according to a research note from <a href="https://www.benzinga.com/topic/daniel-ives">Wedbush analyst Dan Ives</a>.
Nvidia and Accenture announced an <a href="https://www.benzinga.com/markets/equities/24/10/41142895/accenture-and-nvidia-team-up-to-supercharge-global-ai-adoption-details">expanded partnership</a> on Wednesday to help enterprises rapidly scale <a href="http://benzinga.com/topic/ai">AI</a> adoption.
&#8220;Accenture will be a key player on the AI Revolution and this is a smart strategic partnership in our view that is the tip of the iceberg on the broader AI Revolution and demand adoption into 2025 and beyond,&#8221; Ives said.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-">Nvidia&#8217;s AI Leadership To Drive $1 Trillion Market Growth, With Accenture Partnership Accelerating Adoption, Analyst Says</a>
AI starts with Nvidia, but the transformation is taking place across the broader tech space, Ives said. 
For every $1 spent on an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149666/nvidias-blackwell-gpu-sets-new-ai-benchmark-with-over-100-system-configurations-ana">Nvidia GPU</a>, there is an $8 to $10 multiplier across the tech sector, he adds. This reinforces Wedbush&#8217;s bullish view for tech stocks over the next year, especially when coupled with the news out of OpenAI this week.
OpenAI announced Wednesday that it secured $6.6 billion in new funding at a valuation of $157 billion. Ives called it &#8220;eye popping.&#8221; 
The company plans to use the funding to accelerate AI research, increase compute capacity and continue building tools to solve complex problems. 
Check This Out: <a href="https://www.benzinga.com/markets/equities/24/10/41142895/accenture-and-nvidia-team-up-to-supercharge-global-ai-adoption-details">Accenture And NVIDIA Team Up To Supercharge Global AI Adoption: Details</a>
Ives called OpenAI a &#8220;key foundational linchpin&#8221; of the AI thesis given that the company&#8217;s ChatGPT product acted as the world&#8217;s &#8220;iPhone moment&#8221; in terms of generative AI. 
&#8220;Now we are seeing a $1 trillion of AI Capex over the next three years as OpenAI has been the linchpin to AI success and adoption we are seeing at Nvidia, Microsoft, Google, and across the tech world,&#8221; Ives said. 
Ives noted that there is essentially a fourth Industrial Revolution taking place across <a href="https://www.benzinga.com/topic/chip-stocks">semiconductors</a>, software, infrastructure, smartphones and internet. He anticipates a tidal wave of AI spending on the buildout over the next 12 to 18 months. 
&#8220;We also believe OpenAI now has a much more functional corporate structure which is a positive for the broader tech industry given how important Altman &amp; Co. have become to the AI Revolution,&#8221; Ives said.
OpenAI is restructuring its core business into a for-profit corporation that won&#8217;t be controlled by its non-profit board. The OpenAI non-profit will reportedly remain in place and take a minority stake in the for-profit company, per Reuters.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41156902/elon-musk-says-openai-is-evil-after-chatgpt-parent-reportedly-asked-investors-not-to-invest-in-rival">Elon Musk Says &#8216;OpenAI Is Evil&#8217; After ChatGPT-Parent Reportedly Asked Investors Not To Invest In Rivals, Including xAI: Ark&#8217;s Cathie Wood Says It&#8217;s &#8216;Not True&#8217;&nbsp;</a></li>
</ul>
Photo: Shutterstock

OpenAI's Latest 'Eye-Popping' Valuation Ignites Analyst Expectations For 'Tidal Wave' Of AI Spending

Accenture's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) short percent of float has fallen 9.91% since its last report. The company recently reported that it has 6.26 million shares sold short, which is 1.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.59 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Accenture Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727964913_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Accenture has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Accenture's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Accenture's peer group average for short interest as a percentage of float is 3.83%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Accenture's Recent Short Interest

NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang and Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) CEO Julie Sweet revealed details of their transformative partnership, in an announcement to reshape the landscape of artificial intelligence in business. The collaboration aims to deploy AI agents across corporations, potentially ushering in a <a href="https://www.benzinga.com/news/24/10/41152629/what-happened-with-accenture-stock-today">new era of digital productivity</a>.
What Happened:  Huang, known for his visionary leadership in the tech industry, described Accenture as a &#8220;transformer&#8221; in connecting Nvidia&#8217;s cutting-edge AI technology with real-world business applications. Huang and Sweet <a href="https://www.cnbc.com/video/2024/10/02/nvidia-ceo-jensen-huang-were-looking-at-the-beginning-of-the-next-wave-of-ai.html">appeared</a> together on CNBC&#8217;s Closing Bell Overtime
This partnership comes at a crucial juncture in AI development, as companies worldwide seek to harness the power of generative AI to boost efficiency and innovation.
&#8220;We&#8217;re seeing the beginning of the next and largest wave of AI, which is about companies around the world using AI to become more productive,&#8221; Huang explained. He highlighted the concept of AI as &#8220;digital employees&#8221; or &#8220;co-pilots,&#8221; terms that are gaining traction in the corporate world to describe AI-powered assistants designed to augment human capabilities.
The Nvidia chief outlined two key operating systems at the heart of this AI revolution:
<ol>
<li>Nemo: A system for large language models, forming the backbone of their AI factory work.</li>
<li>Omniverse: A platform that represents digital information in the realm of space and time.</li>
</ol>
These technologies, while powerful, require a bridge to connect them with practical business outcomes. This is where Accenture&#8217;s expertise comes into play.
Sweet shed light on Accenture&#8217;s role in this partnership, revealing the development of a new platform called AI Refinery. This innovative tool is designed to help customers build AI agents, co-pilots, and tools that can access proprietary information, perform tasks, and drive productivity.
To illustrate the potential of this collaboration, Sweet provided a compelling example from Accenture&#8217;s own operations. &#8220;We have a million square feet of manufacturing space where we produce customized automation robotics,&#8221; she said. By leveraging Nvidia&#8217;s AI Foundry and Omniverse technologies, Accenture has managed to reduce the design time for these customized robotic automations by an impressive 50%.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41097541/amazon-apple-tesla-brace-for-supply-chain-disruptions-as-potential-east-coast-dockworkers-strike?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon, Apple, Tesla Brace For Supply Chain Disruptions As Potential East Coast Dockworkers Strike Nears</a>
Why It Matters: The collaboration between Nvidia and Accenture is poised to significantly impact the AI landscape. Recently, Accenture launched the <a href="https://www.benzinga.com/news/24/10/41152629/what-happened-with-accenture-stock-today">Accenture Nvidia Business Group</a>, training 30,000 professionals globally to help clients scale AI adoption. This initiative will integrate with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem.
Nvidia AI leadership is expected to drive a $1 trillion market growth, as noted by Wedbush Securities&#8217; analyst Dan Ives. The collaboration aims to equip enterprises with the tools <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-">needed to efficiently scale AI adoption</a>.
Additionally, Nvidia&#8217;s upcoming <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149666/nvidias-blackwell-gpu-sets-new-ai-benchmark-with-over-100-system-configurations-ana">Blackwell GPU platform</a> is set to set new AI benchmarks, with over 100 system configurations. This development is expected to bolster Nvidia&#8217;s financials, as noted by JPMorgan analyst Harlan Sur.
Price Action: Nvidia stock closed at $118.85 on Wednesday, up 1.58% for the day. In after-hours trading, the stock increased further by 1.51%. Year to date, Nvidia has surged by an impressive 146.73%.
Meanwhile, Accenture ended the trading day at $356.29, up 1.22%. After hours, the stock rose an additional 2.30%. Year to date, Accenture has gained 2.70%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41134194/odds-of-tim-walz-winning-the-vp-debate-drop-on-polymarket-as-bettors-favor-jd-vance-harris?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Odds Of Tim Walz Winning The VP Debate Drop On Polymarket As Bettors Favor JD Vance — Harris Maintains Lead Over Trump</a></li>
</ul>
Courtesy of Accenture Plc
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Jensen Huang On Transformative Partnership With Accenture: AI As 'Digital Employees' Will Revolutionize Productivity

Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) shares moved higher Wednesday after the company announced it expanded its partnership with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to launch the <a href="https://www.benzinga.com/markets/equities/24/10/41142895/accenture-and-nvidia-team-up-to-supercharge-global-ai-adoption-details">Accenture NVIDIA Business Group. </a>
The Details: Accenture said the new Accenture Nvidia Business Group launched with 30,000 professionals receiving <a href="https://www.benzinga.com/pressreleases/24/10/b41138752/accenture-and-nvidia-lead-enterprises-into-era-of-ai">training globally</a> to help clients scale enterprise AI adoption with AI agents using Accenture&#8217;s AI Refinery developed on the NVIDIA AI stack.&nbsp;
The Accenture AI Refinery will be available on all public and private cloud platforms and will integrate with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem.
Read Next: <a href="https://www.benzinga.com/news/24/10/41129365/what-happened-with-rivian-stock-today">What Happened With Rivian Stock Today?</a>
Wedbush tech analyst Dan Ives <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-">cheered the new venture</a>, describing it as &#8220;the tip of the iceberg on the broader AI Revolution and demand adoption into 2025 and beyond.&#8221;
Ives also mentioned both companies <a href="https://x.com/DivesTech/status/1841495758047952990">in a post </a>on the social media platform X in which he described the partnership as the "AI Revolution taking hold."&nbsp;
Accenture shares are moving higher in Wednesday's extended trading after its CEO Julie Sweet and Nvidia CEO Jensen Huang appeared together on CNBC's Closing Bell Overtime program.&nbsp;
ACN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Accenture shares are up 2.15% after-hours at $363.96 after climbing 1.20% in Wednesday's regular trading session.&nbsp;
Read Also:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41122476/whats-going-on-with-microstrategy-stock">What&#8217;s Going On With MicroStrategy Stock?</a></li>
</ul>
Photo: Courtesy of Accenture Plc

What Happened With Accenture Stock Today?

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