Anyone else wondering how SAP’s spending its cash these days? They’re dumping a ton into AI and cloud stuff, but still paying out dividends and doing buybacks.
How long can they keep that up if the market cools or growth slows down? Are the buybacks just window dressing or part of a real plan?
Feels like they’re trying to play both sides — keep investors happy and go big on the future. Curious what everyone thinks: are they being smart or stretching too thin?