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Eagle Capital highlights risks in crowded AI semiconductor trades while advocating rotation into mispriced enterprise software like SAP SE. Eagle projects high-teens EPS growth for SAP, citing missio…
German DAX rose 0.74-0.85% on easing US inflation worries, despite Middle East tensions. SAP, Rheinmetall led gains; E.ON, Hochtief fell. Wholesale prices accelerated on energy costs.
SAP's CFO said enterprise AI needs to move beyond chatbots into complex business processes, emphasizing data quality and cost control over using the most powerful models.
European stocks rose midday on strong earnings (SAP) and improving PMI data, while oil prices fell 3% on Brent crude, easing energy sector performance despite broader market gains.