Why BlackBerry Stock Is Soaring Today
(NYSE: BB) stock is surging in Wednesday's trading. The tech company's share price was up 9.7% as of 3:30 p.m. ET, and had been up as much as 10.6% earlier in the day's trading.
Late yesterday, BlackBerry published a press release announcing that its QNX division had formed a new partnership with automotive software and consulting specialist Pi Square Technologies. The team-up will see the two companies collaborating to train thousands of software engineers in India to create software for the auto industry.
BlackBerry is aiming to spur adoption for its QNX software development platform for advanced driver assistance systems (ADAS) and build its global developer community. Pi Square will be working with hundreds of Indian academic institutions and teaching the QNX platform as a foundation-level software tool. By broadening the pool of developers using its freely available non-commercial QNX software, BlackBerry will have opportunities to improve its standing as a development standard. From there, the platform should become more attractive for use by paying business customers.
Source Fool.com
