Top 10 AI News Updates Taking Wall Street By Storm

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1. Accenture Plc (NYSE:ACN)

Number of Hedge Fund Holders: 79

Accenture Plc (NYSE:ACN) is a technology company providing strategy, consulting, technology, and operation services. It also offers systems integration, application management data, AI, and automation services. On March 12, the company partnered with CrowdStrike to drive cybersecurity transformation.

The collaboration will result in the merging of Accenture’s security services with the CrowdStrike Falcon cybersecurity platform. The integrated offering should result in transformative improvements and cost efficiencies in areas of security operations, continuous threat exposure management and AI workload protection.

“Accenture’s deep expertise with the Falcon platform and SIEM transformation has directly assisted organizations in upleveling their cybersecurity programs from device to cloud to datacenter. Accenture plays a key role in guiding organizations to embrace the AI-native SOC, leaving legacy SIEMs, point products, and manual SOC operations behind for automated, resilient, and machine-speed cybersecurity platform controls,” said George Kurtz, founder and CEO of CrowdStrike.

While we acknowledge the potential of Accenture Plc (NYSE:ACN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ACN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

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