European Software Stocks Jump Nearly 5% as Nvidia CEO Eases AI Disruption Fears

8 articles · Updated · Bloomberg · Jun 1

SAP surged as much as 8.8% on Monday—its best day in more than a year—as fund managers bought back into beaten-down European software names.
A UBS basket of European software stocks climbed almost 5% after Nvidia CEO Jensen Huang pushed back on the idea that AI will upend the software industry.
That rebound suggests investors are reassessing a sector that had been pressured by worries generative AI could erode traditional software business models.

With insiders selling, is the European software stock rally just a fleeting rebound fueled by AI hype?

Can European software firms truly thrive while depending on foreign tech giants for their core AI infrastructure?