Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your 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. See full non-independent research disclaimer and quarterly summary.

Act on share opportunities today

Go long or short on thousands of international stocks with spread bets and CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

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 spread betting and CFDs.

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