Stay Ahead: 9 Key AI News Updates You Need to See

6. SAP SE (NYSE:SAP)

Number of Hedge Fund Holders: 36

SAP SE (NYSE:SAP) and its subsidiaries provide applications, technology, and services worldwide. It offers SAP S/4HANA, which includes finance, risk, and project management software capabilities. On January 30th, analysts at JMP Securities reiterated a Buy rating on the stock while hiking the price target to $330 from $300. The upgrade came on the company delivering stellar financial results driven by strong demand for its artificial intelligence-powered solutions.

The price hike also comes days after CEO Christina Klein reiterated that DeepSeek AI technology has affirmed the tremendous opportunity for SAP SE (NYSE:SAP) and other enterprise software companies to provide AI-powered solutions. “When you are selling software as a service and looking at our strategy, it’s actually good news,” Klein said.

According to the executive, the fact that it is possible to come up with AI innovators at a fraction of the cost should eventually benefit enterprise software companies. The CEO also confirmed that they have been testing AI technology and are considering adding DeepSeek to SAP’s AI Hub. Additionally, the company is focused on its growth strategy through the RISE program and is on course to triple support revenue from €11 billion.