By Danilo Masoni<\/p>\n
MILAN, Jan 21 (Reuters) – Shares in Germany’s SAP extended a months-long downtrend on Wednesday, falling to their lowest \u200bsince August 2024 and bringing the loss in market value \u200csince last year’s record high to around $130 billion.<\/p>\n
The decline is part of a broader \u200cselloff that has hit software stocks in Europe and on Wall Street on the back of growing fears of AI disruption, even though most analysts remain upbeat on Europe’s largest software group.<\/p>\n
By 1334 GMT, the \u2060stock was down 2.4% in \u200cFrankfurt, valuing SAP at about 233 billion euros ($273 billion), compared with 344 billion euros at its lifetime high \u200din February 2025. “Some of the concerns in the market are justified, not about the company’s existential future, but about the value of its services,” said \u200bBanor SIM portfolio manager Angelo Meda, adding that it was crucial \u200cfor SAP to accelerate its cloud transition.<\/p>\n
“With AI, many modules can become easier to develop and replicate, so the risk is that the average selling price of services and billable hours falls,” he added.<\/p>\n
SAP in October forecast full-year cloud revenue at the lower end of its \u2060outlook range, though operating profit was expected \u200btoward the upper end. The company reports \u200bresults next week. “Software sentiment has rarely been lower,” Jefferies analyst Brent Thill wrote in a note on Monday, adding \u200dthat SAP’s valuation \u2060was now approaching its historical trough.<\/p>\n
One Frankfurt\u2011based trader said some clients were taking long positions ahead of next week’s results, but \u2060added that charts were still flashing fresh “sell signals”. The S&P 500 software index \u200chas lost 7.2% so far in 2026.<\/p>\n
($1 = 0.8522 euros)<\/p>\n
(Reporting by \u200cDanilo Masoni; Editing by Amanda Cooper)<\/p>\n","protected":false},"excerpt":{"rendered":"By Danilo Masoni MILAN, Jan 21 (Reuters) – Shares in Germany’s SAP extended a months-long downtrend on Wednesday,…\n","protected":false},"author":2,"featured_media":296053,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[3889,291,289,290,79,207,179,18,1729,3441,19,3442,55598,1094,17,3443,20097,5759,234,3597,1361,3887,1086,3444,3445,992,55599,4520,82,55600],"class_list":{"0":"post-296052","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-401k","9":"tag-ai","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-business","13":"tag-business-news","14":"tag-economy","15":"tag-eire","16":"tag-finance","17":"tag-financial-information","18":"tag-ie","19":"tag-investing","20":"tag-investment-tools","21":"tag-investor","22":"tag-ireland","23":"tag-market-news","24":"tag-mortgage","25":"tag-mutual-funds","26":"tag-personal-finance","27":"tag-quote","28":"tag-real-estate","29":"tag-retirement","30":"tag-stock","31":"tag-stock-research","32":"tag-stock-valuation","33":"tag-stocks","34":"tag-suze-orman","35":"tag-tax","36":"tag-technology","37":"tag-track-portfolio"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115934008799255330","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/296052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=296052"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/296052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/296053"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=296052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=296052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=296052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}