TLDR:
I previously wrote this for SNDK https://www.reddit.com/r/wallstreetbets/s/axbLDQGuxQ
I now believe Blackberry has a real shot at a run up as the market starts to see it as an ai infrastructure company. Fueling the secure software needed for ai robotics to run on.
Position: LEAPS 27x 2028 January 21 $10 Calls
QNX already runs in over 275 million vehicles and is used by companies like Mercedes, BMW, Toyota, Ford, GM, Volkswagen, Stellantis and Hyundai.
Everyone chased NVIDIA because it sells GPUs.
Everyone chased memory because AI needs memory.
But what happens when AI leaves the data center and starts running inside cars, robots and factories?
Those systems need an operating system.
BlackBerry is already there.
It already works with NVIDIA, Qualcomm and Arm.
The reason I bought isn't just the AI story.
The business is finally improving.
Revenue just grew 26%.
QNX revenue grew 26%.
Adjusted EBITDA grew 144%.
Positive operating cash flow for the first fiscal Q1 in nine years.
Management raised guidance.
People keep saying BB has already gone up.
I think they're looking at the chart instead of the business.
If BlackBerry stays an automotive software company, maybe it's fully valued.
If the market starts valuing it as infrastructure for physical AI, I think the rerating has only just begun.