SAP Stock Hits Record High as Demand for Its Cloud Products Soars

Key TakeawaysSAP beat third-quarter profit and sales estimates on soaring sales of the business software maker's cloud offerings.The company also is seeing strong demand for its artificial intelligence (AI) products.SAP raised its sales outlook and its U.S.-listed shares hit a record high. American depositary receipts (ADRs) of SAP (SAP) traded at an all-time high Tuesday, a day after the German business software giant reported better-than-anticipated results and boosted its sales outlook on booming demand ...