SAP shares climbed 1% at the open on Monday, adding to a 2.5% gain recorded on Friday.
The German enterprise software giant is among the few DAX components showing sustained momentum, marking a tentative shift in market sentiment toward the technology sector.
The price action suggests investors are beginning to price in a reversal of the downward trend that has weighed on software stocks since February 2025.
While the recent gains represent only a modest recovery from deeper lows, the continuity of buying interest indicates growing confidence in the industry's fundamental resilience.
This development aligns with a broader stabilization in global risk sentiment.
Australian equities are also poised for higher opens, buoyed by mixed but impactful results from major US technology firms.