SAP stock jumps 40% as executive says SaaSpocalypse sell-off overreacted
AI Summary- Jan Gilg said SAP is repositioning its business around AI, data and new pricing models.
- SAP shares rose roughly 40% after late-July earnings, despite falling about 20% over the past year.
- SAP acquired Prior Labs, Reltio and Dremio this year to expand AI and data capabilities.