Why BlackBerry Stock Is Skyrocketing Today
Shares of BlackBerry (NYSE: BB) shot up today after the company announced that it's joining forces with Amazon.com's cloud computing branch, Amazon Web Services (AWS), to develop and market its intelligent vehicle data platform, called IVY.
The tech stock spiked as much as 65.1% and shares were up by 45.5% as of 1:14 p.m. EST.
BlackBerry said that its IVY platform will allow automakers "to provide a consistent and secure way to read vehicle sensor data" and use it to create new vehicle services or provide a better experience for drivers. For example, BlackBerry said IVY could analyze hazardous weather conditions using a vehicle's sensors and recommend that a driver enable their traction control or lane-keeping assist features.
Source Fool.com
