r/BB_Stock

https://mp.weixin.qq.com/s?\_\_biz=MzU5MTM5NzUwMQ==&mid=2247490403&idx=1&sn=d7e25cff0d57eb5e64b1812d4849ace3&chksm=ff093824028f82a69ac185047b21a4cc4ec65db6019b1467a8cd6dcdcf5e784b863294a1ebdb&xtrack=1&req\_id=1787105966225839&scene=90&subscene=93&sessionid=1787105967&flutter\_pos=0&clicktime=1787105970&enterid=1787105970&finder\_biz\_enter\_id=4&ranksessionid=1787105966&jumppath=1001\_1787098587674%2C1102\_1787105965579%2C1001\_1787105966741%2C50094\_1787105967859&jumppathdepth=4&ascene=56&realreporttime=1787105970695&forceh5=1&devicetype=android-36&version=28004a52&nettype=WIFI&abtest\_cookie=AAACAA%3D%3D&lang=en&session\_us=gh\_b0b8265b2dc9&countrycode=CA&exportkey=n\_ChQIAhIQlUjUIFPLxIRd628srbxHpxLuAQIE97dBBAEAAAAAAN5lE0VKMX0AAAAOpnltbLcz9gKNyK89dVj0djXNcmxms3JrpkGTdEDR5MhwvODEcBdHVAbkCcfBw7fio1k%2F2QSjJoHjvX4T%2BnfASgC3Xed9MJ6WSL2HNdLRiOq1rn0UQNjuxjvbrnWZicUaqwBLhDpJutX2wOp4GxgAvBcuH%2FtKBxjsHqs1pCOuM1hVCNUrVYnwbShOw%2FUNuEqcozBNsHmqyaU6K2gUTaiC2iPUYYc7TjUuq31jczIeHu2Qi%2F6sqTls0uqOn1pSJ1YxOzvnOt%2BliZQrllzhqwjhMotpco4H2wM%3D&pass\_ticket=SbfJkLOFXdG58DUMr%2FUFMtmW38eGOK%2BrlKqG2tl6P7Yw2bx4hrnZR2qMxE0lDZ3s&wx\_header=3

Shanghai, China  –  August 19, 2026  – Momenta (HKEX: 6880.HK), a leading physical AI company, and XHEART have jointly selected QNX® Security Operating System, provided by QNX, a business unit of BlackBerry Ltd. (NYSE: BB, TSX: BB), as the base operating system for their physical AI autonomous driving platform

Daily Discussion

SHANGHAI, CN / ACCESS Newswire / August 18, 2026 / Momenta, a leading Physical AI company, together with XHEART, has selected QNX OS for Safety from QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB), as the foundation for its Physical AI-defined autonomous driving platform.

Integrating Momenta's full-stack autonomous driving solution, XHEART X7 automotive-grade SoC, and QNX OS for Safety, built on QNX SDP 8.0, the three collaborators are delivering a production-ready solution designed to help automakers accelerate deployment while meeting global functional safety standards.

Certified to ISO 26262 ASIL D, this solution enhances driving safety and intelligence, and gives OEMs a functionally safe foundation for vehicles destined for stringent markets, such as those requiring compliance with Europe's UN R171 (DCAS).

"The global scale for Physical AI demands safety first. Through our collaboration with QNX and XHEART we are proud to deliver a production-ready system built to one of the highest global safety benchmarks, empowering automakers to confidently introduce intelligent vehicles to markets everywhere," said Huan Sun, SVP of Momenta.
"Momenta and XHEART are helping enable the next generation of Physical AI technology, and QNX is proud to be the Safety-Certified Operating System underpinning that future," said Grant Courville, SVP of Products and Strategy at QNX. "This collaboration with Momenta and XHEART strengthens our position as a trusted foundational software provider for the world's leading autonomous driving systems."

"Building next-generation autonomous driving requires AI-native silicon," said TL Lee, CEO of XHEART. "The XHEART X7 SoC, paired with QNX's certified OS and Momenta's algorithms, gives OEMs the performance, safety and scalability required for global markets."

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About Momenta
Momenta is a global leader in Physical AI, committed to creating a better life through breakthrough AI technologies.
From seeing the world to foreseeing it - built on the World Model, and guided by the technical insight behind its data flywheel, Momenta advances two tracks in parallel, Mass Production and Scalable Robo, bringing Physical AI into everyday life.
In collaboration with top global OEMs and mobility platforms, Momenta is accelerating mass production and expanding across markets and vehicle platforms - from passenger cars to Robovans, Robotrucks and Robotaxis.

About XHEART
XHEART is committed to defining the core computing foundation for the era of large models-providing a purpose-built hardware platform that enables intelligent systems to scale with exceptional performance. Through chips redefined from the ground up for large-model workloads, XHEART serves as the "core engine" driving Physical AI in autonomous driving, robotics, and beyond. We are charting the future with silicon.

Daily Discussion

Daily Discussion

Next Generation vehicles on QNX foundational software, Physical AI for factory automation and Super Cruise.

Next Alloy Kore customer?

https://www.linkedin.com/jobs/view/4423519062/

March 18, 2025
General Motors and NVIDIA today announced they are collaborating on next-generation vehicles, factories and robots using AI, simulation and accelerated computing. 

The companies will work together to build custom AI systems using NVIDIA accelerated compute platforms, including NVIDIA Omniverse™ with NVIDIA Cosmos™, to train AI manufacturing models for optimizing GM’s factory planning and robotics. GM will also use NVIDIA DRIVE AGX™ for in-vehicle hardware for future advanced driver-assistance systems and in-cabin enhanced safety driving experiences.

“The era of physical AI is here, and together with GM, we’re transforming transportation, from vehicles to the factories where they’re made,” said Jensen Huang, founder and CEO of NVIDIA. “We are thrilled to partner with GM to build AI systems tailored to their vision, craft and know-how.”

GM will also build next-generation vehicles on NVIDIA DRIVE AGX, based on the NVIDIA Blackwell architecture, and running the safety-certified NVIDIA DriveOS™ operating system. Delivering up to 1,000 trillion operations per second of high-performance compute, this in-vehicle computer can speed the development and deployment of safe AVs at scale.

https://nvidianews.nvidia.com/news/general-motors-and-nvidia-collaborate-on-ai-for-next-generation-vehicle-experience-and-manufacturing

At its height, it was so popular that Barack Obama refused to part with his phone when he became president.

But the reign of BlackBerry, which transformed mobile communication in the mid-2000s and early 2010s, ended after its revolutionary cell phone with QWERTY keyboards was rendered obsolete by the emergence of Apple’s iPhone and smartphones with touchscreens and apps.

Now, a comeback a decade and a half in the making is paying off as the company posted a positive cash position — a key metric that signals financial stability — in its first quarter this year. That is something it has not achieved at the start of any fiscal year since 2017.

The recovery has been driven by an operating system for cars called QNX and Secusmart, an encryption software used by governments and some of the world’s major banks. While the platforms are less visible than the phones that once defined BlackBerry, they have become almost as ubiquitous.

“QNX is on fire,” John Giamatteo, BlackBerry’s chief executive since December 2023, said from the company’s headquarters in Canada’s Waterloo, about 115km west of Toronto, where BlackBerry built its first handset. “We’ve gone from a transformation period to now a growth period.”

It is a long way from the “CrackBerry” days when the handsets, once must-have accessories for stars such as former Hollywood power couple Brad Pitt and Angelina Jolie and young people alike, were said to be addictive. BlackBerry stopped selling phones in 2016 to focus on business-to-business software and services.

The decision by Research In Motion, as the Canadian company was known, to buy QNX in 2010 for about $200mn, is delivering, along with the purchase of German encryption provider Secusmart four years later.

QNX’s technology, which is also used in robotics, medical devices, defence and aerospace, now accounts for about half of BlackBerry’s revenue, a sign that the acquisitions have set the company up for a brighter future.

“I’m very happy for them,” said Jim Balsillie, the former co-chief executive who stepped down from the company in 2012 and was once one of its largest shareholders. “Our QNX acquisition worked out,” he told the FT.

BlackBerry is still a shadow of the $83bn behemoth that once had a share of about 20 per cent of the global mobile phone market before it was usurped by Apple, Samsung and Google.

But its shares have jumped 150 per cent over the past year and it currently has a market capitalisation of about $5.2bn. On the day of the results in June, it rose about 20 per cent.

The 2014 acquisition of the anti-eavesdropping software Secusmart is looking even more astute as global turmoil has prompted countries across the world to boost defence spending. The company provides Nato-grade encrypted voice, text and messaging services for 20 governments.

Giamatteo said the company’s tech had become so ubiquitous that people reading this article probably use BlackBerry’s products every day without knowing it.

“Nearly every car manufacturer in the world uses BlackBerry,” he said. “And we are seeing more adoption in future car design in China, in Europe and North America.”

Kevin Michaluk, a Canadian entrepreneur who launched a campaign to bring back the old handsets and sells his own version of the BlackBerry keyboard, said the company was now strategically more important than when it was selling phones.

“It’s less visible but arguably more embedded in the modern economy,” said Michaluk, who became known as “CrackBerry Kevin”, adding that such a comeback story is rare in technology.

“The market spent years valuing BlackBerry based on what it used to be. More recently, investors seem increasingly willing to value it based on what it actually is today.”

BlackBerry’s transformation mirrors that of Nokia, another former mobile phone giant that collapsed about the same time.

Nokia has now found a lease of life as a provider of the hardware needed for cloud services and data centres, winning support from Nvidia, which last October announced plans to invest $1bn into the Finnish group.

BlackBerry this year expanded its own Nvidia partnership in “physical AI”, supplying its QNX software for autonomous, humanoid and surgical robotics, medical imaging and industrial automation.

Scott Morrison, founder and chief investment officer at Wealhouse Capital in Toronto, said the decisions that BlackBerry made decades ago saved it from going bankrupt and ceasing to exist.

“I wouldn’t call their comeback ‘lucky’, you make your own luck,” he said.

Daily Discussion

T. Rowe Price's article indicates that their purchase of 32M shares of BB was due to their thesis:

"An extremely concentrated market led by risk and momentum has left behind growth at a reasonable price (GARP) stocks despite strong fundamentals.

Many characteristics of the current market environment are consistent with some historical extended growth bull markets.

History has shown GARP stocks to be long‑term winners. We believe there remains a place for them in every portfolio—with manifold scenarios for the cohort to return to favor."

Blackberry became a "Rule of 40" company in over 2.5 years under Chairman of Board Dick Lynch with JG and TF executing a very focussed directional goals much to the company's benefit.

Therefore, the increase in institutional ownership is simply opportunity that they see. Retail needs to understand this as growth is in the books due to the framework and fundamentals that are in place.

The 13F indicates approximately 10% increase in institutional ownership from Q1 to Q2 which translates to ~58M shares in spite of Fairfax liquidating its position. In addition, in FY 2026 18M shares were bought back.

Thus, the presentation at CG on August 12, clearly indicates the confidence with which the C-Suite is executing!

When institutions are buying the price becomes irrelevant when there are limited shares around knowing that at present price such an order could not be filled without everyone knowing. In fact, on Aug 13, 7913 contracts of Jan 2028 $5 calls for $5.13 were bought and exercised such the OI did not budge. The MM has room to fill 791,300 shares and it was under the radar!

PW wrote down the price of BB in Dec 2023 to $3.58. He was humiliated as he could not change the course of BB with John Chen at the helm who had made many expensive mistakes but the bigger problem was that PW was hated by the hedge funds that lost money while shorting Fairfax and PW took them to court. PW also mentioned that he had lost opportunity cost in other technology stocks over the decade and so it is not unexpected. On May 4 he indicated that he had sold ~10M shares and was holding ~26M shares. Those shares seem to have been sold at about $5.87. The next tranche is unknown as he no longer was above the 5% threshold where he would have to declare the price. His exit should not be considered as a negative as I am sure that WS is happy that he is no longer involved but a large chunk of the shares probably went to the shorts as the SI continues ~50M both NYSE+TSX but the synthetic and naked shorts have closed out their positions.

It seems that ~100M naked shorts and synthetic closed out and the question is how many still have open positions? The volume has dried up so the next leg should be very interesting. Jim Cramer and team were part of that cohort that shorted incessantly with Steven Cohen but now are aware that BB is here to stay. The MM must have been aware of PW desire to exit.

Thank you to PW for having faith in BB but his ego has been bruised so it was time for him to move on in Fab 2024 when Muddy Waters threatened Fairfax by putting nefarious statements about Fairfax. Since that time Fairfax has flourished and the stock is well above the $1450 when the treat was made.

BB is in the best financial situation in the past 12.5 years and now a Rule of 40 company whether PW is part of BB or not is immaterial at this time. If PW can deploy his funds in another area, good luck to him but he truly saved BB as an iconic Cdn company with all its bumps along the way to what it is today.

Despite Fairfax/Prem selling, institutional ownership went UP significantly as at the end of June i.e. 58% as per Fintel. The tally also doesn't take into account BlackRock's 13G submission of 25M+ share ownership near the end of July. Susquehanna, Citadel and Jane Street all have way bigger call/share positions vs. puts. Another N-shaped parabolic move incoming?..
fintel.io/so/us/bb

Good to see this early access release from a few days ago, things will take off sooner rather than later.