SAP shares surged in European trading as investors responded to robust cloud contract performance and growing confidence in the company’s artificial intelligence strategy.
The German enterprise software giant’s strong showing helped lift the broader DAX index, with other software titles also posting gains as sentiment improved across the sector.
26% higher at 24,827 points on Friday, attempting to stabilize after a sharp decline in the previous session.
The rally marks a continuation of recent positive momentum for SAP, which has been one of the few DAX components to demonstrate sustained upward movement.
Shares had already climbed 1% at the open on Monday, building on a 2.5% gain recorded on Friday.
This consistent performance suggests a tentative shift in market sentiment toward the stock, distinguishing it from peers that have struggled to find footing.
The DAX itself opened 0.26% higher at 24,827 points on Friday, attempting to stabilize after a sharp decline in the previous session.