In the software sector, SAP (SAP) will attract heavy trading volumes today. The stock gained over 6% in after-hours trading on Thursday.
SAP posted first-quarter revenue of EUR 9.56 billion, up by 6.1% Y/Y. Backlog grew by 20%, which proves that AI is not taking SAP’s software subscription market. For 2026, SAP is forecasting software and cloud revenue to grow by 23% to 25%.
SAP is a world-class, undervalued software stock that investors should hold. The stock closed at $163.25. This is a long way from the $300 price less than a year ago.
Intel (INTC) shares jumped by nearly 20% in after-hours trading. At $80, the stock rewarded investors who bought shares at $20. The chip company posted non-GAAP EPS of $0.29. Despite GAAP EPS of (0.73), the loss does not concern momentum traders. It is forecasting revenue of up to $14.8 billion for Q2/2026. Analysts expected $13.06 billion in revenue.
ServiceNow (NOW) plunged by 17.75% to close at $84.78 on Thursday. The forward P/E is now below 25 times. This is a high multiple, so more selling pressure is possible today. Growth investors might pick up NOW shares, betting that the selling pressure is an overreaction.
The stock never fell by this much in a single day in its history as a publicly traded company. The firm has Now Assist and AI Control Tower. Leveraging AI technology in its product will increase customer satisfaction.
