SAP WKN: 716460 ISIN: DE0007164600 Kürzel: SAP Forum: Aktien Thema: Hauptdiskussion
EU Pushes Tech Sovereignty as $264 Billion Cloud Dependence Comes Into Focus Europe is accelerating efforts to cut reliance on US tech, backed by new data centers and rising regulatory pressure. Khac Phu Nguyen 02/09/2026 20:55 'From an investment perspective, the financial rationale behind this push is sizable but unevenly distributed. Asteres estimates EU spending on US cloud services at $264 billion annually, and redirecting a portion of that could potentially support European IT and consulting firms such as Capgemini (CAPMF, Financial) and SAP (SAP, Financial), especially with Gartner forecasting EMEA government IT spending to exceed $250 billion in 2028. There are early data points supporting this thesis, including Eutelsat gaining traction as a Starlink alternative and the French civil service planning to move away from Zoom (ZM, Financial). Still, prior attempts at autonomy, including data privacy rules and the EU's AI legislation, have so far failed to materially weaken the dominance of Alphabet (GOOG, Financial) or Meta (META, Financial), suggesting execution risk remains high.'
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