Why did Accenture shares fall?

Accenture shares fell after the company cut its financial guidance for the upcoming quarter.

What other stocks were affected?

Other software stocks also declined, but the report did not name specific companies.

Intel Surges After Trump Says Apple Agrees to US Chip Deal; Accenture Falls

Intel shares surged after President Trump said Apple agreed to work with the company to design and build chips in the United States. In contrast, Accenture and other software stocks fell after Accenture cut its guidance.

June 18, 2026

2 min read

Source: The Wall Street Journal

Intel (INTC) shares surged today after U.S. President Donald Trump stated that Apple has agreed to collaborate with Intel to design and manufacture chips within the United States. This development aligns with the Trump administration's push to boost domestic semiconductor production.

Details

According to a report by The Wall Street Journal, President Trump said Apple will work with Intel on chip design and production on U.S. soil. No further details on the agreement's scope or financial terms were disclosed, but the news sent Intel shares sharply higher.

Conversely, Accenture (ACN) shares tumbled after the consultancy and IT-services provider lowered its guidance for the upcoming quarter. Other software stocks also declined in today's session, indicating broader sector weakness.

Context

Intel's move comes as the U.S. seeks to reduce reliance on Asian chip manufacturing, particularly Taiwan. The decline in software stocks may reflect investor concerns about slowing IT spending.

What This Means for Investors

Investors should watch for official details of the Intel-Apple agreement and its potential impact on future revenue. For Accenture, the guidance cut could signal headwinds in the technology consulting market.

Frequently Asked Questions

Intel shares rose after President Trump said Apple agreed to work with Intel to design and manufacture chips in the U.S.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.