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"SAP, a software company, has surpassed Novo Nordisk to become Europe's most valuable company, with a market capitalization of around $342.4 billion. The company's success is attributed to its focus on artificial intelligence and its large customer base. SAP's cloud revenue has seen a 25% year-on-year increase in 2024, and the company is expected to continue growing as it taps into its vast business data set. German markets are also on a bull run, with the DAX index up nearly 16% this year."
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