The Most Valuable European Company Is No Longer Novo Nordisk - Barron's
1. Novo Nordisk's market cap falls under 2.33 trillion DKK. 2. SAP surpasses Novo as Europe's most valuable company. 3. Novo's stock has dropped 41% in the past year due to declining drug demand. 4. SAP benefits from AI investment trends and investor rotation to Europe. 5. LVMH faces a 26% decline due to weak consumer spending.