What's Going On With BlackBerry Stock This Week?
Portfolio Pulse from Adam Eckert
BlackBerry Ltd (NYSE:BB) shares are rising after the company announced that Mobility In Harmony (MIH), a Foxconn-initiated group, has chosen BlackBerry to provide the foundation for its next-generation electric vehicle platform. MIH plans to use BlackBerry's software and services, including BlackBerry QNX and BlackBerry IVY, for its unique modular design approach to EVs. BlackBerry is also set to participate in upcoming investor events.
August 01, 2023 | 3:32 pm
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POSITIVE IMPACT
BlackBerry's partnership with MIH for its next-gen EV platform could potentially boost its stock in the short term.
The partnership with MIH could potentially increase BlackBerry's revenues and profitability in the future, which could positively impact its stock price. Additionally, the upcoming investor events could also provide positive momentum for the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100