🔴 SAP SE is trading 4.4% down today as Goldman Sachs cuts margin forecasts on hardware costs

SAP SE is trading 4.4% down at $143.16 today after Goldman Sachs lowered its gross margin estimates, citing concerns over rising hardware costs.

• The downward revision specifically targets the second half of 2026, pressuring investor sentiment regarding the company's long-term earnings power.
• The move has extended a multi-day slide for the shares, which have faced recent weakness amid broader concerns over reduced profit expectations.