Finance

SAP has a message for software doomsayers: The pendulum will swing back

A SAP executive says the “pendulum will swing back” from the SaaSpocalypse.Like many software companies, the German software giant has seen its stock hit hard over the past year amid competition from AI tools. This stock sell-off of software-as-a-service (SaaS) companies, known as the SaaSpocalypse, has hit companies like Salesforce,…

Nvidia has built a  billion equity portfolio from almost scratch in 2 years

Nvidia has built a nearly $100 billion equity portfolio from virtually scratch in just two years by investing in other tech companies.The AI chipmaker, led by CEO Jensen Huang, held $99 billion in equity investments as of July 26, according to its latest earnings report.That included roughly $48 billion in publicly…