We recently compiled a list of the 8 Companies That Partnered With Nvidia (NVDA) This Month. In this article, we are going to take a look at where Accenture plc (NYSE:ACN) stands against the other stocks that partnered with NVIDIA this month.
Nvidia continues to be the biggest beneficiary of the rampant spending on AI infrastructure. The company’s Blackwell GPUs continue to be the most talked about technology in tech circles and that has catapulted the stock close to its all-time highs.
For many, the stock continues to be an expensive bet and at current levels, it is hard to pull the trigger and invest in the company’s stock. If you’re in the same boat and find it hard to buy a stock at its all-time highs, you may want to consider investing in companies that work with Nvidia. Nvidia’s accelerated computing technologies are powering many companies’ products, especially those related to AI and autonomy.
A team of data experts gathered around a computer monitor analyzing customer data.
Accenture plc (NYSE:ACN)
Accenture plc (NYSE:ACN) is a professional services company that specializes in consulting, strategy, operations, and digital technology. The company, together with a supply chain solutions company KION Group, is leveraging Nvidia’s Omniverse to improve business operations.
Accenture plc (NYSE:ACN) will help KION improve the performance of warehouses through its expertise in digital technologies. The idea here is to create a digital twin using Nvidia’s Omniverse and use that digital twin to optimize and automate their operations. KION, a long-time client of Accenture, will accelerate the emergence of autonomous warehouses and factories by streamlining operations for future autonomous robots.
Nvidia CEO Jensen Huang had this to say about the partnership with Accenture:
By integrating Omniverse and Mega into their solutions, KION and Accenture can dramatically accelerate the development of industrial AI and autonomy for the world’s distribution and logistics ecosystem.
Accenture stock has traded range-bound for over two years and this partnership with Nvidia could well be the catalyst that triggers the stock’s next bull run.
Overall, ACN ranks 8th on our list of the companies that partnered with NVIDIA this month. While we acknowledge the potential of ACN as an investment, our conviction lies in the belief that some 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 as promising as ACN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article was originally published at Insider Monkey.