SAP shares slide 3.4% amid AI stock rout
SAP shares fell 3.4% on Friday as Oracle's cautious software-as-a-service outlook and a broad AI-related sell-off weighed on the market.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
SAP shares fell 3.4% on Friday as Oracle's cautious software-as-a-service outlook and a broad AI-related sell-off weighed on the market. Tech-focused SoftBank also sank under the weight of its AI bets, while Berkshire Hathaway shares rose past the S&P 500 index this week.
Why it matters
A new survey shows Americans worry the AI boom could end in a bust.
Timeline
- Nov 6, 8:46 AM ET: SoftBank stock sank under the weight of its AI bets as its rout gained attention.
- Nov 7, 7:01 AM ET: SAP fell 3.4% on Friday amid Oracle's slower growth outlook and the AI selloff.
- Nov 7, 7:49 AM ET: Berkshire Hathaway shares surged past the S&P 500 this week as Wall Street fell.
- Nov 7, 1:00 PM ET: A new survey found Americans anxious that the AI boom could go bust.
Coverage
- As AI trade tires, BCA calls for European stocks to beat Wall Street (Yahoo News)
- Cathie Wood 'always feels better when the market is worried' (CNBC)
- Americans are anxious about the AI boom going bust (The Washington Post)
- AI nerves reinforce age-old investing lesson: Get diversified (CNN)
- Berkshire shares surge as Wall Street swoons amid AI fears (CNBC)
- SAP Drops 3.4% as Oracle's SaaS Caution and a Global AI Rout Converge (Rafael Müller)
- UK stocks plunge 2% as fears of tighter US AI regulation trigger global selloff (bilyonaryo.com)
- Why SoftBank stock is sinking under the weight of its AI bets (Yahoo News)
- Tech stock rout, driven by US AI fears, continues in Asian trading (Al Jazeera)
- Wall Street brokerages call AI stock selloff overdone
- AI stock sell-off drives South Korea's KOSPI below 5,000
- AI stocks sell off after Democrats' midterm sweep sparks regulation fears
- Global stocks slide as AI regulation fears follow Democratic midterm wins
- AI stocks rebound after midterm-driven sell-off wiped out trillions
- Global stocks slump as Democrats' midterm win revives AI curb fears
More from Technology & AI
- Wall Street brokerages call AI stock selloff overdone
- Quantum Computing Inc. posts $9.5 million quarterly revenue, wider loss
- OpenAI says its GPT-6 Cyber model found Firefox flaws
- Australia will require AI firms to report rogue models
- Boston Dynamics fits Atlas humanoid robot with wheels
- Diraq installs eight-qubit quantum computer in Sydney data center