SAP SE (NYSE:SAP) exceeded earnings expectations in its latest quarter, with Wedbush Securities analyst Dan Ives highlighting the European tech giant’s emerging role in the artificial intelligence revolution alongside industry leaders NVIDIA Corp (NASDAQ:NVDA) and Microsoft Corp (NASDAQ:MSFT). What Happened: “SAP is going to be a foundational player,” Ives told CNBC. “I think it’s going to be a huge step in the right direction on cloud checks, actually very strong for SAP.” The German software giant’s transformation to cloud-based services continues to accelerate, with Ives noting that cloud o…
