SAP shares hit 17-month low as AI-driven selloff burns $130 billion

By Danilo Masoni MILAN, Jan 21 (Reuters) - Shares in Germany's SAP extended a months-long downtrend on Wednesday, falling to their lowest ​since August 2024 and bringing the loss in market value ‌since last year's record high to around $130 billion. The decline is part of a broader ‌selloff that has hit software stocks in Europe and on Wall Street on the back of growing fears of AI disruption, even though most analysts remain upbeat on Europe's largest software group. By 1334 GMT, the ⁠stock was down 2 ...