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SAP shares set for biggest daily drop since 2020.

stock :: 2026-01-29 :: source - reuters

By Reuters

Reuters) - Shares in Europe's largest software maker SAP ​were set for their ‌steepest daily fall since October 2020 on ‌Thursday, down over 10% after results failed to stem a slide that has wiped around $150 billion off ⁠its market value ‌from its 2025 peak.

The German group reported fourth-quarter revenue ‍that met market estimates, though its cloud backlog and 2026 cloud revenue forecast ​missed expectations.

"SAP needed an all-round ‌acceleration to fight the trough sector sentiment, and with puts and takes in the update we see shares underperforming," said Citi analyst ⁠Balajee Tirupati.

Like other software ​makers in Europe ​and on Wall Street, SAP has been dragged by growing ‍fears of ⁠AI disruption.

By 0852 GMT, the stock was down 11% after ⁠earlier hitting its lowest level since June ‌2024.

(Reporting by Danilo Masoni, editing ‌by Alun John)


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