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Briefing

BlackBerry shares surge on Microsoft deal, analyst upgrade

The Ontario tech company announced Monday it will integrate Microsoft’s AI and cloud platform in its QNX product to make it easier for automakers to test software in the cloud. (The Logic)

Briefing

BlackBerry shares surge on Microsoft deal, analyst upgrade

By Anita Balakrishnan
Jan 6, 2025
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The Ontario tech company announced Monday it will integrate Microsoft’s AI and cloud platform in its QNX product to make it easier for automakers to test software in the cloud. (The Logic)

Talking point: BlackBerry announced several collaborations this week to court software developers at Las Vegas’s consumer electronics show, CES. The company is in the midst of a restructuring, which includes selling a major cybersecurity business and revamping its QNX division to appeal to new industries beyond the auto sector. CIBC analysts hiked their price target for BlackBerry’s stock in a research note, noting the company has hit the point where it “can credibility grow and be profitable.” They also praised changes to its board of directors. BlackBerry’s New York-listed shares were up about 11 per cent Monday.

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