Nvidia and Accenture Collaborate to Propel AI Adoption in Businesses
Artificial intelligence (AI) is surging in popularity as companies strive to leverage new technologies. The partnership between Nvidia (NASDAQ: NVDA) and Accenture (NYSE: ACN) aims to simplify this transition for businesses.
Strategic Partnership Unveiled
Last week, Nvidia and Accenture announced they are strengthening their partnership to accelerate AI’s integration into the business world. This collaboration will establish the new Accenture Nvidia Business Group, which will be supported by 30,000 trained AI experts focused on helping clients transform operations using AI technologies.
To support this mission, the companies introduced the Accenture AI Refinery, a platform featuring Nvidia’s AI tools. This platform will facilitate the creation of custom large language models (LLMs), essential for driving generative AI applications. The goal is to deploy specialized AI agents tailored to meet specific business needs across all cloud environments.
Accenture describes agentic AI as the next stage in artificial intelligence, enabling models to operate more independently. Unlike previous AI iterations that depend on user prompts, agentic AI aims to understand user intent, allowing them to act and make decisions autonomously.
Overcoming Adoption Barriers
This partnership addresses a significant challenge in AI adoption: many businesses lack the in-house expertise to implement these sophisticated systems. By utilizing Accenture’s trained professionals alongside Nvidia’s advanced technology, companies can build AI solutions that meet their specific requirements.
Positive Trends in AI Investments
Both Nvidia and Accenture are positioned well to capitalize on the growing demand for AI solutions. In its fiscal 2024 ending August 31, Accenture reported revenues of $64.9 billion, while bookings increased 13% to $81.2 billion. A noteworthy highlight was the $3 billion in AI-related bookings for the year, indicating a rising commitment to AI training among its employees.
Meanwhile, Nvidia’s financial performance underscores its key role in the AI market. For its fiscal 2024 ending January 28, revenue surged 126% to $60.9 billion, and earnings per share skyrocketed 586% to $11.93. This growth trend has continued into fiscal 2025, with revenue climbing 171% year over year to $56 billion in the first half. Nvidia projects a revenue growth of 79% for the upcoming quarter, which, while lower than previous periods, remains robust.
Agreement Strengthens Competitive Advantage
This new collaboration enhances both companies’ positions in the AI market. Accenture gains access to Nvidia’s leading technology, while Nvidia taps into Accenture’s extensive consultant network to train customers in AI applications. Accenture’s workforce currently boasts about 57,000 data and AI-focused professionals, with a goal of expanding that number to 80,000 by the end of fiscal 2026.
Given their strong growth prospects tied to AI advancements, both Nvidia and Accenture represent attractive investment opportunities, albeit for different types of investors. Accenture is priced at 28 times future earnings, appealing to those looking for stability. Conversely, Nvidia trades at 33 times future earnings, reflecting its potential due to rapid anticipated growth.
Overall, this partnership facilitates more significant AI integration within Accenture’s client base while enhancing both companies’ growth prospects in an expanding market.
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Danny Vena is an investor in Nvidia. The Motley Fool has investment positions in Accenture Plc and Nvidia. The Motley Fool recommends an options strategy involving Accenture shares. The Motley Fool’s disclosure policy is available on request.
The views expressed here reflect the author’s opinions and don’t necessarily represent those of Nasdaq, Inc.