Many people are unaware of the transformation BlackBerry has undergone since selling its phone licensing rights in 2023. Over the past few years, the company has shifted its focus from hardware to software and cybersecurity. Recently, it sold Cylance, its AI-driven cybersecurity division, to Arctic Wolf. Today, BlackBerry's core business is centered on the Internet of Things (IoT) and secure communications. Its QNX software is already widely used by major companies such as BMW, Toyota, Mercedes-Benz, Honda, Audi, Siemens, General Electric, Cisco, and Lockheed Martin. Additionally, Stellantis has partnered with BlackBerry QNX and AWS to develop a virtual cockpit, revolutionizing in-vehicle software engineering.
The market is starting to recognize this transformation, and the company’s profit margins have improved. The recent breakthrough of the psychological $5 threshold will likely trigger algorithms to turn long, attracting both institutional and retail investors. Another key psychological level in the coming months will be the $10 mark.
The market is starting to recognize this transformation, and the company’s profit margins have improved. The recent breakthrough of the psychological $5 threshold will likely trigger algorithms to turn long, attracting both institutional and retail investors. Another key psychological level in the coming months will be the $10 mark.
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The image is for illustrative purposes only; the Elliott wave levels need confirmation and are currently just indicative of a possible movement. This is not financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.