On July 1, SAP SE rose 3.02% in regular trading, trading at $159.46/share, with turnover of $152 million. The stock gained momentum following the announcement of a major enterprise deal with Nokia.

SAP disclosed that Nokia signed a multiyear agreement to support its enterprise transformation using RISE with SAP Methodology, with its SAP S/4HANA software environment hosted on Microsoft Azure. Under the project, Nokia will migrate its ERP landscape and gain access to AI features via SAP cloud ERP products. Microsoft will collaborate with SAP and Nokia to support migration activities. The agreement was concluded at the end of last year.

The deal reinforces SAP's broader AI-driven enterprise strategy. The company has recently launched its Autonomous Enterprise vision, invested in AI orchestration platform n8n at a $5.2 billion valuation, announced plans to acquire Prior Labs with over 1 billion euros committed over four years, and deepened partnerships with NVIDIA, Anthropic, and major cloud providers to build out its enterprise AI ecosystem.

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