SAP becomes Europe’s most valuable company, ASML holds fourth place

Just five months after surpassing ASML, German software giant SAP has overtaken Novo Nordisk to become Europe’s most valuable listed company. SAP’s shares rose 1.6% on Monday, bringing its market cap to €313bn. That was just enough to nudge Danish weight loss drugmaker Novo off the top spot.  SAP’s stock has risen more than 40% in the past year, amid booming demand for its AI-driven enterprise resource planning software (ERP). The cloud-based software centralises bus