Connect with us

Hi, what are you looking for?

Stock

Blackberry Gains As Volvo Signs Up To Use Its OS In Heavy Vehicles

Stock Markets13 minutes ago (Apr 07, 2021 09:57AM ET)

(C) Reuters.

By Dhirendra Tripathi

Investing.com – BlackBerry (NYSE:BB) shares rose more than 5% Wednesday following the company’s disclosure that Volvo (OTC:VLVLY) will use its QNX operating system as the foundational software in the over 300,000 heavy vehicles the Swedish company makes every year.

Qualcomm (NASDAQ:QCOM) said Volvo wanted to find a single supplier for the OS and hypervisor to meet the needs of the “whole truck.”

The engagement gives developers the freedom to design the best possible system for Volvo as it looks at the requirements of the next 15 years, including the future support of autonomous driving and electrification, BlackBerry said in a press release.

On March 31, Raymond James analyst Steven Li maintained a hold rating on BlackBerry, setting a price target of $9.50, about where the shares currently trade.

Blackberry Gains As Volvo Signs Up To Use Its OS In Heavy Vehicles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.

Uncategorized

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.

Uncategorized

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

Uncategorized

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores.

Disclaimer: Buzzclever.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Buzz Clever. All Rights Reserved