Top 10 Trending AI Stocks on Latest News

5. SAP SE (NYSE:SAP)

Number of Hedge Fund Holders: 36

SAP SE (NYSE:SAP) is a technology company that provides applications, technology, and services. The company delivered solid fourth-quarter and full-year results on January 28th that topped analysts’ expectations. The results were better than expected as the technology company won new customers with new artificial intelligence capabilities and solutions.

Cloud revenue was up by 27% in the quarter to $4.9 billion as SAP SE (NYSE:SAP) benefited from promoting business services to incentivize clients to shift from legacy on-site servers to IT infrastructure on the cloud. According to CEO Christian Klein, half of the company’s deals in the fourth quarter had AI embedded. SAP is a software company that is increasingly developing AI agents that can complete tasks without human supervision as demand grows. Amid strong demand for AI-powered solutions, the company has increased its cloud revenue forecast for 2025 from €21.5 billion to €21.6 billion and from €21.9 billion. Sales that will be booked over the next 12 months are reflected in SAP’s current cloud backlog, which increased 29% in constant currencies to €18.1 billion.