SAP shares move higher as optimism on AI lifts interest in Europe’s software major
SAP SE shares rose 5.8% in Frankfurt on Tuesday, trading at around 156.50 euros after positive analyst ratings and new AI product announcements at its Sapphire event. First-quarter cloud revenue climbed 19% to 5.96 billion euros, with cloud backlog up 20%. SAP remains down about 25% for the year.