23:20:04 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



BlackBerry Ltd
Symbol BB
Shares Issued 586,107,430
Close 2024-02-13 C$ 3.68
Market Cap C$ 2,156,875,342
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Globe says BlackBerry has ample upside

2024-02-14 08:11 ET - In the News

The Globe and Mail reports in its Wednesday edition that the U.S. stock market is at record highs, driven in part by technology companies capitalizing on the surge in interest for artificial intelligence. The Globe's guest columnist Arjun Deiva writes in the Number Cruncher column that whether it is Microsoft's partnership with OpenAI or Nvidia rocketing forward as the leader in AI chip manufacturing, the AI trend is only getting started. The increasing momentum in AI is not confined to the United States. According to a report published by Deloitte, "$2.57-billion was invested in Canadian AI research and development" between 2022 and 2023, outpacing that of many other countries. Mr. Deiva expects robust growth at BlackBerry. He says it ranked second highest on his screen with one-year projected sales growth of 25.2 per cent. Previously known for its signature mobile phone, BlackBerry now delivers AI and machine learning service in cybersecurity, safety and data privacy. BlackBerry had a challenging past 12 months owing to a decline in its cybersecurity business and delays in closing some large government deals. BlackBerry's share price is the lowest it has been since 2003, leaving ample room for upside.

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