Software maker SAP unseats Novo Nordisk as Europe's largest company
At
SAP is
Its shares have surged in recent years, in part due to optimism that its cloud business will be a major beneficiary of recent investment in generative artificial intelligence.
While SAP shares are up 7% so far in 2025, underperforming the broader European STOXX 600 index, which is up 8.3% year-to-date, they have clocked a total return of 160% since the end of 2022, far outperforming the STOXX 600's 28%.
In contrast, Novo Nordisk shares have underperformed the market in recent months after data from trials of its experimental next-generation obesity drug Cagrisema disappointed investors.
The Danish healthcare firm unseated luxury retailer LVMH as
(Reporting by
(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
close
Software maker SAP unseats Novo Nordisk as Europe's largest company
Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: "
Your e-mail has been sent.
close
Your e-mail has been sent.
Related News
-
Ninestar to sell Lexmark to Xerox at much lower price than previously announced
Reuters - 11:01 PM ET 3/26/2025
-
Ninestar to sell Lexmark to Xerox at much lower price than previously announced
Reuters - 11:01 PM ET 3/26/2025
-
SK Hynix says some customers brought forward orders ahead of US tariffs
Reuters - 10:23 PM ET 3/26/2025
-
SK Hynix says some customers brought forward orders ahead of US tariffs
Reuters - 10:19 PM ET 3/26/2025
-
JSR's incoming CEO signals focus on finances, retreat from sector M&A ambitions
Reuters - 9:40 PM ET 3/26/2025
-
Ex-Intel CEO Gelsinger joins venture capital firm Playground Global
Reuters - 7:09 PM ET 3/26/2025
-
Ex-Intel CEO Gelsinger joins venture capital firm Playground Global
Reuters - 7:00 PM ET 3/26/2025
Most Helpful Insights
Content for this page, unless otherwise indicated with a Fidelity pyramid logo, is selected and published by Fidelity Interactive Content Services LLC ("FICS"), a Fidelity company. All Web pages published by FICS will contain this legend. FICS was established to present users with objective news, information, data and guidance on personal finance topics drawn from a diverse collection of sources including affiliated and non-affiliated financial services publications. Content selected and published by FICS drawn from affiliated Fidelity companies is labeled as such. FICS-selected content provided is not intended to provide tax, legal, insurance, or investment advice, and should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by any Fidelity entity or any third party. Quotes are delayed unless otherwise noted. FICS is owned by FMR LLC and is an affiliate of Fidelity Brokerage Services LLC. Terms of use for Third-Party Content and Research
These links are provided by Fidelity Brokerage Services LLC ("FBS") for educational and informational purposes only. FBS is responsible for the information contained in the links. FICS and FBS are separate but affiliated companies and FICS is not involved in the preparation or selection of these links, nor does it explicitly or implicitly endorse or approve information contained in the links.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
