Author: Peter M. Färbinger, E3-Magazin

Cloud computing is no longer a megatrend. The SAP share price has fallen by up to 40 percent from its all-time high. In an interview with Manager Magazin, SAP CEO Christian Klein promises to restore the old glory, this time with AI.

The SAP share price has plummeted - relatively speaking. Last year, the share price was almost 280 euros, and financial analysts were even predicting values in excess of 300 euros. Now the share price is leaden at 170 euros. Where is SAP's crisis communication?

SAP has fallen out of time: It's not that S/4 is a bad ERP, but rather that SAP CEO Christian Klein overslept the social and technical change.

The new SAP Chief Quantum Officer will need a quantum consolation, see Daniel Craig in James Bond 2008, when he soon has ERP processes calculated using qubits, the smallest unit of information in quantum computing.

Data twilight in the ERP universe: The current geopolitical situation, the rocky road to S/4 transformation and the possible rescue through intelligent data management are making digital sovereignty increasingly explosive and relevant. Data sovereignty is key: only those who determine where data is stored and processed at all times can avoid vendor and legal lock-in.

The global ERP company hardly plays a role on the international IT stage anymore. SAP was absent from Viva Tech 2025 in Paris and CES 2026 in Las Vegas. What about Davos?

The belief that by signing a Rise-with-SAP contract, responsibility for SAP S/4 Hana operations is handed over to the Walldorf ERP group is one of the most dangerous errors in the current transformation and S/4 conversion.

Mercedes-Benz has been around for over 100 years, and Lufthansa is celebrating its centenary. SAP could live on for another 100 years—if it reforms itself!

The difference between AI for the manufacturing industry and for ERP may be small. But the fact is that the German industrial group Siemens has a strategy under CEO Roland Busch, while SAP boss Christian Klein is lost in numerous AI partnerships. Will Klein be rescued by Hana co-inventor Professor Zeier using ERP AI?

The SAP share price has been on a downward trajectory for around a year, and there is no end in sight. The Supervisory Board and the Executive Board are equally responsible for this development. For months, SAP CEO Christian Klein watched helplessly from the sidelines as the catastrophe approached. What now?

A survey of SAP user groups from the DACH region, the USA, the UK and Japan was conducted in mid-2025. The SAP cloud strategy was driven to the wall by CEO Christian Klein. Hardly any customers know about BDC and the new SAP Business Suite.

Since SAP's all-time high share price of around 280 EUR on the Frankfurt Stock Exchange, the price has fallen to around 166 EUR on the day the 2025 annual results were published, resulting in a cumulative loss of 40 percent.