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Stock impact report

Software juggernauts' AI nightmare has begun [Yahoo! Finance]

RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX) 
US:NYSE Investor Relations: relx.com/investors/investor-overview
Company Research Source: Yahoo! Finance
The boss of SAP, the accounting software giant, had just watched his company's shares plunge in a rout that would dethrone it as Germany's most valuable listed business. SAP lost €38.7bn (£33.6bn) of value on Thursday after announcing a slowdown in cloud computing revenues. Shares fell by more than 16pc on their worst day in more than five years as investors fretted that the slip was a sign of things to come. “I know there is a general concern out there in the market about, ‘Oh, how will software sustain in the world of AI?'” Klein told investors on a call on Thursday. “Cannot everyone code software?” Klein's answer was “clearly no”, claiming customers were frequently hitting a “roadblock” as they tried to use AI to build their own code – but so far he is struggling to convince the market. It is not just SAP. Across Europe, software giants at risk of seeing their business eaten by AI are under pressure. FTSE 100-listed Experian has suffered a 34pc plunge in shares since hit Show less Read more
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