Sapphire 2025: SAP SE (SAP) Expands Joule AI, Teams Up With Palantir and Perplexity

We recently published a list of 12 AI Stocks Making Waves on Wall Street Today. In this article, we are going to take a look at where SAP SE (NYSE:SAP) stands against other AI stocks that are making waves on Wall Street today.

The United States recently issued guidance threatening companies not to use advanced computer chips from China, including Huawei’s Ascend AI chips. However, China has now urged the country to “immediately correct its wrongdoings” and stop “discriminatory” measures against it.

A spokesperson for China’s Ministry of Commerce has said that the United States has abused its export control measures. He said that the country has imposed stricter restrictions on Chinese chip products based on unfounded allegations, further explaining how the said restrictions contain discriminatory measures and tend to distort the market.

The U.S. Commerce Department had issued the guidance last week, with its Bureau of Industry and Security stating that “these chips were likely developed or produced in violation of U.S. export controls.”

“The U.S. has been abusing export control measures, imposing stricter restrictions on Chinese chip products under unfounded accusations… China firmly opposes this… Trying to trip others won’t make oneself run faster.”

-The Chinese Ministry

Opposing the unilateral bullying from the US’s end, the Chinese spokesperson said that the restrictions have infringed upon the legitimate rights and interests of Chinese companies. The country has been accused of undermining the preliminary trade agreement reached in Geneva, Switzerland.

The spokesperson further urged the country to work with China to jointly safeguard the consensus concluded in the Geneva talks.

“If the United States continues to cause China substantive harm, China will take resolute measures to safeguard its legitimate rights and interests.”

For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points  (see more details here).

SAP SE (NYSE:SAP)

Number of Hedge Fund Holders: 27

SAP SE (NYSE:SAP) is a leader in ERP software that leverages artificial intelligence to enhance its enterprise resource planning (ERP) solutions. SAP Sapphire, one of the most significant annual events in the tech and business world, is happening now in Orlando, Florida. On May 20, SAP took the conference stage to announce major AI innovations centered around its Joule AI assistant, aiming to boost business productivity by up to 30%. Joule now includes an action bar powered by WalkMe to track user behavior across apps and the ability to offer itself as a proactive AI assistant that can anticipate needs.

A collaboration with Perplexity now allows it to draw on data to solve complex business problems too. Meanwhile, SAP has also introduced an expanded library of Joule Agents that can work across systems and lines of business to “anticipate, adapt, and act autonomously”. The company has also introduced an operating system for AI development that revolutionizes how enterprises build, deploy, and scale AI solutions. New intelligent applications in SAP Business Data Cloud use real-time business data to simulate outcomes and guide decision-making. SAP has also entered into a partnership with Palantir to facilitate joint customers’ cloud migration journey and modernization programs.

“SAP combines the world’s most powerful suite of business applications with uniquely rich data and the latest AI innovations to create a flywheel of customer value. With the expansion of Joule, our partnerships with leading AI pioneers, and advancements in SAP Business Data Cloud, we’re delivering on the promise of Business AI as we drive digital transformations that help customers thrive in an increasingly unpredictable world.”

-SAP CEO Christian Klein.

Overall, SAP ranks 12th on our list of AI stocks that are making waves on Wall Street today. While we acknowledge the potential of SAP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than SAP and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.