SAP SE Stock on 1 December 2025: EU AI Cloud, Lawsuits and Valuation After a 26% Pullback
As of the Xetra session on 1 December 2025, SAP SE (ticker: SAP, SAP.DE) is trading back around €208 per share, putting Europe’s largest software company roughly 26% below its 52‑week high near €283.50 reached earlier in the year.StockAnalysis+2MarketWatch+2 Yet the picture under the bonnet looks very different from the share price: cloud revenue is growing above 20%, margins are expanding, SAP has just launched a flagship EU AI Cloud for sovereign European workloads, and analysts still see material upside — even as fresh lawsuits over alleged trade‑secret theft and competition issues make investors more nervous.Reuters+3SAP News Center+3Barchart.com+3 Below is