Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

SAP shares jump to an all-time high on cuts, AI focus

Shares of SAP rose to an all-time high after it announced the restructuring of 8,000 jobs to focus on AI-driven units. The German software company forecast cloud revenue growth of 24%-27% in 2024.

Video poster image

IGTV financial analyst Angeline Ong looks at the share reaction and what’s driving the shift.

(AI Video Summary)

SAP stock prices significantly increasing

SAP, a big technology company, is seeing a big increase in their stock prices and the amount of their stocks being traded. This is because they are expecting to make a lot of money from their cloud business and they have plans to reorganise and cut 8,000 jobs. They want to focus more on using artificial intelligence (AI) in their business, and they are even experimenting with a new AI technology called OpenAI's chat GPT. This is helping them develop new products faster than their competitors.

Impact of AI on fellow tech companies

Other big technology companies like Microsoft and Alphabet Inc (the parent company of Google) are also going through changes and focusing on AI. They are doing things like laying off employees and restructuring their companies. They believe that AI will make them a lot of money in the next ten years, although they don't have a clear plan for how to make money from AI just yet. They are also using automation to make work easier for their employees.

Because of SAP's good news, their stocks have gone up by seven percent, which is the highest they've ever been. This means that the company is doing really well in terms of their stock prices. The increase in stock prices has slowed down a little bit, but people are still watching it closely.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.