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SAP Stock Surges: Billionaire's Remark on Software Replacement Costs
Wednesday, Jun 4, 2025 5:14 am ET1min read
SAP SE rose 1.27% in premarket trading, with the company's stock price increase potentially influenced by the news that Russian billionaire Alexey Mordashov highlighted the challenges and necessity of developing a homegrown alternative to SAP's software, indicating the continued relevance and demand for SAP's solutions despite geopolitical tensions.
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