SAP is trading 3% up now at $184.57 as investors react to the launch of a €2.6 billion share buyback tranche, part of its broader €10 billion program through 2027.
- The buyback launch follows strong quarterly results and continued enthusiasm for the company’s cloud and AI transformation strategy.
- Shares have seen sharp gains over recent sessions, signaling robust investor confidence in SAP’s capital return plans and earnings trajectory despite a cautious broader market.