BlackBerry's Big Comeback: What's fueling the stock rally?

BlackBerry shares hit a fresh 52-week high after reporting stronger-than-expected Q1 earnings, with revenue of $152.9 million exceeding analyst estimates and adjusted earnings also ahead of forecasts. The rally is driven by growth in its QNX automotive software business, a royalty backlog approaching $1 billion, and raised fiscal 2027 revenue guidance. The company is also expanding QNX into AI applications including robotics, industrial automation and edge computing through partnerships with semiconductor and technology firms.