Old European Tech Stocks Stand Out Against the Trend: During Earnings Season, "Old Money" Unexpectedly Becomes the Winner in AI

The initial wave of AI was generally seen as a new opportunity for model developers, but recent financial reports show that a number of large, established European tech groups are rising against the trend, becoming the actual beneficiaries of the AI windfall. Companies like SAP, Capgemini, Sopra Steria, and OVHcloud have reported a strengthening demand, accelerating growth, or raised performance forecasts. The common driving force behind this is that enterprises are transitioning from the AI experimentation phase to comprehensive deployment. However, these companies have also discovered that enabling AI to truly generate productivity within complex organizations is much more challenging than simply acquiring the technology itself. Large organizations are unlikely to rely on a single AI vendor and will choose different models based on the nature of tasks, performance, security levels, and compliance requirements. The current challenge is no longer about "which model to choose," but rather how to ensure that AI can smoothly work in conjunction with the existing software, data, and business processes within the organization.