Chargepoint Holdings, Inc. shares rise 4.23% intraday as SAP shares drop due to maintained outlook despite strong Q2 results.

Chargepoint Holdings, Inc. rose 4.23% intraday. SAP shares dropped 3.9% after the company reported higher quarterly sales and earnings but maintained its outlook, citing 'elevated levels of uncertainty and reduced visibility'. SAP's CEO mentioned that clients in the U.S. public administration and tariff-exposed industries in manufacturing were being cautious when it comes to spending on cloud services.