SAP shares fell to their lowest level since the beginning of 2024 on Friday in a shaky market environment.
Ultimately, SAP shares fell by 3.86 percent to 153.82 euros via XETRA. Since the Iran war, they have lost 10 percent in three weeks, about as much as the DAX.
However, they already had a mortgage with them before the Iran war, making them the weakest DAX stock in the current year, with a loss of just over a quarter. The European software sector has suffered enormously over the course of the year so far from fears of displacement by artificial intelligence.
Analysts have recently repeatedly tried to reassure investors, but there has been no trend reversal so far. However, the weak overall market with inflation and economic concerns does not provide a favorable environment for this.
/ag/jha/
FRANKFURT (dpa-AFX)
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