Accenture (ACN) and Mistral AI Announce a Multi-Year Strategic Collaboration

Accenture plc (NYSE:ACN) is one of the best cheap blue chip stocks to buy according to analysts. On February 26, Accenture plc (NYSE:ACN) and Mistral AI announced a multi-year strategic collaboration aimed at helping organizations in Europe and around the world scale advanced AI. The two companies will co-develop and deliver enterprise-grade AI solutions addressing real industry challenges and creating measurable impact across sectors, helping clients rapidly move to secure, large-scale AI deployments aligned with regional requirements. Management stated that the collaboration brings together Mistral AI’s scientific innovation and breadth of enterprise-grade AI products with Accenture’s (NYSE:ACN) capabilities to architect, govern, and scale AI across complex organizations.

The terms of the agreement entail that Accenture plc (NYSE:ACN) would become a customer of Mistral AI, leveraging Mistral AI’s models and products, including Mistral AI Studio, and embedding Mistral AI’s technologies into Accenture’s (NYSE:ACN) operations to support client solutions. In a separate development, Citi cut the price target on Accenture plc (NYSE:ACN) to $215 from $266 on February 25, maintaining a Neutral rating on the shares.

Accenture plc (NYSE:ACN) is a global professional services company that combines technology and leadership in data, cloud, and AI with functional expertise, industry experience, and global delivery capability. The company’s services include Strategy & Consulting, Technology, Operations, Industry X, and Song, and its operations are divided into the following geographical segments: North America, EMEA, and Growth Markets.

While we acknowledge the potential of ACN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.