Morgan Stanley’s 15 Best European AI Stocks

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2. SAP SE (NYSE:SAP)

Number of Hedge Fund Holders: 36    

SAP SE (NYSE:SAP) is a German firm that provides applications, technology, and services worldwide. Back in August, Morgan Stanley analyst Adam Wood noted that SAP SE was well-positioned to capitalize on the emerging generative AI market opportunity. Wood believed this was because of the large quantity of business data that the firm had and the AI functionality it powered that data with, which was embedded into core products already. Morgan Stanley had a target price of €224 on the stock, signifying upside potential of over 18%. In the six months since this report came out, the stock has climbed close to 40% in value, blowing past the price target as the firm launched a number of AI-focused products, including Joule, a virtual AI assistant. The assistant is designed to help the customers of the firm intelligently sift through their enterprise resource planning data.

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