(g+) Management Consulting: Will the IT consulting share price rout ever end?

Since Anthropic launched its cyber security-busting AI model Mythos in April, Accenture has fielded more than 1,000 inquiries from clients panicked about cyber defence. But while executives at the world's largest listed IT consultancy toasted the lucrative business, Wall Street slashed 10 per cent off Accenture's shares.

The pattern is the same every time a big advance in AI is announced, prompting a lurch downward for IT consulting shares and one of the stock market's most ferocious debates: is AI a once-in-a-generation bonanza for IT consultants, or an existential threat?