BlackBerry (BB) stock edged 0.5% higher overnight after a 3% gain in the regular session, as CEO John Giamatteo highlighted prospects in automotive software, robotics and physical AI. He said the Alloy Kore platform, which combines the QNX operating system with middleware, expands the addressable market, and its first design win is expected to bring more than $100 million in future royalties, the biggest in QNX's history. QNX reported a record royalty backlog of over $1.2 billion, up 26% from about $950 million in the previous fiscal year. Giamatteo also pointed to Nvidia's adoption of QNX as the platform for its robot stack, opening opportunities beyond automotive. The stock is up 142%, on track for its best year since 2007.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: BB Stock Rises Overnight: BlackBerry CEO Says QNX’s Alloy Kore Expanding Market— 'The Products We Sell Are Pervasive Around You'
Read the original on Yahoo Finance ↗
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