Research Notes: Crowded Out By AI (Part I)
AI has led a few stocks to soar — and might be keeping many more down
Our thesis that AI investments are crowding out spending in IT paid off quickly, as Perficient won a buyout.
But that buyout isn’t necessarily proof of the thesis. Multiple analysts, executives, and vendors see AI as a near-term threat, but the size of that threat isn’t clear.
As the trend becomes more visible, there will be significant opportunities, both short and long.
We look at three consulting firms in the context of AI impact; Accenture, Thoughtworks and Endava.