Weekly IT News Roundup: March 21, 2025

The Nvidia GTC conference took place from March 17 to March 21, featuring a keynote on March 18. This event is significant for the tech industry as it often highlights advancements in AI, computing, and related technologies. Nvidia typically uses GTC to unveil new products and technologies, which can impact the company's stock performance. Historically, Nvidia's stock has performed well during GTC weeks, and investors were looking for updates on upcoming "Rubin" chips, named after astronomer Vera Rubin.

Super Micro Computer (SMCI) shares surged 7.8% after JPMorgan upgraded the stock to "neutral" from "underweight," citing strong demand for AI infrastructure and its servers incorporating Nvidia's Blackwell platform. This upgrade reflects growing confidence in SMCI's ability to capitalize on the increasing need for AI computing solutions, particularly in data centers and cloud services.

Over 400 prominent Hollywood creatives, including filmmakers, actors, writers, and musicians, signed an open letter to the Trump White House’s Office of Science and Technology Policy (OSTP). They urged the administration not to weaken U.S. copyright protections at the behest of AI companies like OpenAI and Google. The letter emphasized that rolling back these protections could severely harm the U.S. creative industries, which contribute significantly to the economy and culture.

Accenture's stock fell by 7.3% on March 20, 2025, marking the largest decline among S&P 500 companies that day. This drop was triggered by the company's quarterly results, which missed sales and profit estimates. CEO Julie Sweet attributed the revenue shortfall to the Trump administration's efforts to reduce government spending, which negatively impacted Accenture's government contracts. Gartner also faced challenges, with its stock falling by 6.8% on March 20, 2025. This decline was partly due to government efficiency initiatives and budget reductions, which could hinder revenue growth, especially in Gartner's government-related services. UBS analysts lowered their price target for Gartner, citing a volatile business landscape as a potential obstacle to revenue growth.