Aug 26, 2026 · 7 min
SAP slides as Applied Nutrition lifts guidance
SAP Lower, Applied Nutrition Gains, Ambu Drops
The episode contrasts broad software-sector pressure with company-specific gains and misses, then connects urban growth to smarter infrastructure planning.
- 1SAP faces pressure as weakness across global software markets compounds disappointing US results from Intuit and Zoom.
- 2Applied Nutrition raises profit guidance after stronger-than-expected fiscal-year results and continued trading momentum.
- 3Ambu falls sharply after a significant adjusted EBIT miss, compounded by a Nordea analyst downgrade.
Don't miss
Ambu’s significant adjusted EBIT miss, followed by a Nordea downgrade, creates the episode’s clearest market reversal.
The brief
SAP comes under pressure as weakness across the global software sector spreads after disappointing results from Intuit and Zoom, putting broader sentiment ahead of company-specific detail.
Applied Nutrition moves the other way, raising its profit guidance after fiscal-year results exceeded expectations and citing strong trading momentum alongside continued expansion.
Ambu delivers the sharpest negative signal: a significant adjusted EBIT miss sends shares lower, with a Nordea downgrade adding further pressure.
The episode then shifts from daily market moves to urban growth, previewing how AI, long-term planning, and infrastructure investment could help cities adapt, with Dubai as an example.
What was said on this episode
9 statements · 5 positive · 3 negative · 1 neutral
Weak software results may revive concerns about AI displacement.
“this might revive some of those concerns that we had throughout the beginning of this year around AI displacement for those companies as well.”
Listen at 1:54
Applied Nutrition is a major beneficiary of the ongoing protein trend.
“Applied Nutrition is one of those big beneficiaries of this ongoing trend for protein”
Listen at 2:51
Galambia has been a major beneficiary of the protein trend.
“Another big beneficiary of that has been Galambia, which also is a bigger competitor to Applied Nutrition”
Listen at 3:10
Ambu must improve performance to meet its guidance.
“the company will need to really sort of step up to meet its guidance.”
Listen at 4:07
Ambu’s earnings outlook is unfavorable.
“the earnings outlook does not look too rosy for that company”
Listen at 4:23
AI will accelerate processes in smart-city systems.
“AI will allow in the smart city space to compress a lot of things. The speed will change.”
Listen at 5:15
Dubai has learned from its sudden population increase.
“Dubai has learned a lot from a sudden increase in population”
Listen at 5:36
Dubai responded effectively to its population increase.
“they reacted very well to it.”
Listen at 5:42
Dubai has a long-term urban planning vision.
“They have a long-term urban planning vision”
Listen at 5:43
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Intuit Inc.
Zoom
Bloomberg L.P.Books & mentions
Economy of Scale
The related series expands on AI, infrastructure investment, and how cities respond to rapid urbanization.
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