Up 70% in the last month yet hasn’t fully caught everyone’s attention do to the meme stock name being attached to the stock. Most think pump and dump but boy are you wrong.
QNX (owned by BlackBerry) has had record quarterly revenue
\- $68.7 million
\-10% yoy growth
\-$950 million design win backlog
\- widespread adoption and automotive leadership
\- NVDIA Partnership
\- Ai software robotics
\- growing in medical devices, industrial systems, & defense
1. The "Robotics Pivot" Confirmation
Yesterday, May 6, BlackBerry made a major strategic announcement regarding "QNX Everywhere." By offering free access to their OS for early-stage robotics prototyping, they are signaling to the market that they are no longer just an "auto-software" company.
The Logic: Investors are currently rotating out of general tech and into "Physical AI" (robotics and industrial automation). Because BB is now viewed as the "nervous system" for NVIDIA-powered robots, it is being treated as an AI infrastructure play rather than a standard software stock.
2. Institutional "Seal of Approval"
The timing of the BlackRock 13G filing (disclosing a 5% stake) and the trickle of 13F filings this week provided a psychological "floor."
When the whole market is down, investors look for "safe havens" where big institutions are currently buying. Seeing BlackRock and others hold or increase their positions in BB creates a sense of safety that prevents retail investors from panic-selling.
3. The "2x Backlog" Narrative
As we discussed earlier, the news that the $950M royalty backlog is growing at twice the rate of current revenue is a massive "de-risking" factor.
In a down market, investors flee companies with uncertain futures. Because BB has already "booked" nearly $1.X billion in future revenue through signed contracts with automakers and defense firms (like the submarine deal), the stock is seen as having a more predictable path than other tech companies that have to "find" new sales every month.