SAP Stock Recent News

Enterprise application software company SAP has introduced artificial intelligence (AI) advances for its supply chain solutions. According to a Monday (April 22) news release, SAP said these AI-driven insights from real-time data will help its customers use their own data to make better decisions across supply chains, streamline product development and make manufacturing more efficient.

SAP's performance is driven by continued strength in its cloud business. However, global macroeconomic weakness and tough competition in the cloud space remain concerning.

SAP has launched a composable payment solution designed to help retailers add new payment options. The company's new open payment framework integrates SAP Commerce Cloud with several third-party payment service providers (PSPs) and allows retailers to choose payment partners based on their own unique needs, SAP said in a Friday (March 15) press release.

A trend that started back in the 2010s has created an ideal environment for cloud computing stocks now. Large firms have been moving data to the cloud in increased rates, as well as continuing to buy a multitude of tools from cloud-infrastructure providers and software makers.

German software company SAP has nominated Finnish businessman Pekka Ala-Pietila to stand for election as chair of its supervisory board after current chair designate Punit Renjen decided to resign, SAP said on Sunday.

Shares of Tesla fell nearly 6% on Monday after a report said German software firm SAP will no longer procure electric cars from the U.S. automaker, and Piper Sandler cut its stock price target on lower delivery expectations this year.

German software company SAP will no longer source its company cars from Tesla due to unpunctual deliveries and price fluctuations, daily Handelsblatt reported on Monday.

German software company SAP, which has a fleet of 29,000, will stop using Tesla TSLA, -3.45%, according to a report from German business daily Handelsblatt, quoting the company's fleet manager. Tesla changes its list prices more than other manufacturers, making planning more difficult, the newspaper said.

Investor's Business Daily regularly publishes “New Buys of Top-Performing Stock Funds,” identifying equities that top performing stock funds bought in large quantities. Usually, the largest funds ultimately determine stock performance.

SAP has unveiled plans for a company-wide restructuring, saying about 8,000 positions would be affected. It is also boosting its AI efforts.