SAP's valuation – now up over 314 billion euros – has risen rapidly as the company is earning unexpectedly large sums of money on the major and rapid shift of increasingly technical solutions from traditional servers to cloud – in the wake of all investments in artificial intelligence (AI).
Analysts expect on average that SAP's sales revenue will increase by 12 percent this year and that the profit increase will be even greater after a restructuring program from last year that promotes profitability.
A 16 percent decline in Novo Nordisk's stock price so far this year, following a series of studies that have disappointed the market, has accelerated the shift in trust.
Earlier this year, the French luxury giant LVMH has also been number one in terms of market value on several occasions.
