According to @ReutersBiz, SAP missed third-quarter revenue estimates and its US-listed shares fell about 3%, reflecting an immediate negative market reaction to the earnings headline. Source: Reuters Business tweet Oct 23, 2025 https://reut.rs/3IYsk5D. Given the documented post-2020 increase in correlations between BTC and U.S. equities, traders may monitor whether weakness in large-cap software names like SAP weighs on broader tech sentiment and indirectly on BTC and ETH risk appetite. Source: International Monetary Fund, Crypto Prices Move More in Sync With Stocks, Jan 11, 2022 https://www.imf.org/en/Blogs/Articles/2022/01/11/crypto-prices-move-more-in-sync-with-stocks.

According to @sama, OpenAI joined SAP and Microsoft in Germany to launch a sovereign cloud offering aimed at helping governments use its frontier models. Source: Sam Altman on X, Sep 26, 2025. The announcement confirms a cross-vendor collaboration with SAP and Microsoft focused on a sovereign cloud in the German market and a government deployment scope for frontier AI models. Source: Sam Altman on X, Sep 26, 2025. For traders, the launch flags enterprise and public-sector AI demand to monitor around the SAP and Microsoft ecosystems, with potential read-throughs for AI-exposed equities and AI narrative tokens in crypto markets. Source: Sam Altman on X, Sep 26, 2025.

According to Satya Nadella, Microsoft is partnering with SAP and OpenAI to bring the latest AI innovation to Germany’s public sector on Microsoft Azure. Source: Satya Nadella on X x.com/satyanadella/status/1970862418948718884 The initiative aims to help millions of German public sector employees use AI safely and responsibly while meeting strict data sovereignty, security, and legal standards. Source: Satya Nadella on X x.com/satyanadella/status/1970862418948718884 For traders, the announcement explicitly identifies Azure as the infrastructure layer, placing Microsoft (MSFT) and SAP at the center of potential public-sector AI deployments in Germany; no financial terms or timelines were disclosed in the post. Source: Satya Nadella on X x.com/satyanadella/status/1970862418948718884 The announcement links to OpenAI’s explainer at openai.com/global-affairs/openai-for-germany for additional context. Source: Satya Nadella on X x.com/satyanadella/status/1970862418948718884 There is no mention of cryptocurrencies or blockchain in the post, indicating no direct crypto market reference within the announcement text. Source: Satya Nadella on X x.com/satyanadella/status/1970862418948718884

According to @business, SAP, Europe’s largest software company, needs customers to buy its AI offerings to stay on top, yet many customers are still dealing with the last major upgrade, highlighting ongoing implementation cycles that matter for trading focus. According to @business, the emphasis is on AI purchase uptake versus the pace of completing the prior upgrade. According to @business, the source does not reference any direct impact on cryptocurrencies or token markets.