BlackBerry’s QNX software has been selected by Hyundai Mobis to power its next-generation digital cockpit platform, potentially giving a boost to BlackBerry’s (BB) stock. This strategic partnership highlights the growing demand for BlackBerry’s secure and reliable technology in the automotive industry. The news comes as BlackBerry continues to focus on its IoT and Cybersecurity divisions, demonstrating a potential turnaround after previous challenges.
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US stock markets closed higher on Thursday, with the Dow Jones, S&P 500, and Nasdaq all experiencing gains. Alibaba Group Holding led the way with a significant jump driven by the company’s recent launch of over 100 open-source AI models. Other notable movers included BlackBerry, JD.com, and Costco.
BlackBerry Ltd (BB) reported strong second-quarter results, exceeding revenue and earnings expectations. The company attributed the success to growth in its cybersecurity and IoT segments. BlackBerry anticipates continued growth in these areas, setting revenue guidance for the third quarter and full year.
