BlackBerry’s shares surged over 7% on Tuesday following an announcement of a partnership with Advanced Micro Devices (AMD). The collaboration aims to introduce a platform enhancing robotics capabilities in industrial and healthcare sectors.
The joint effort, unveiled at the Embedded World conference in Nuremberg, Germany, will leverage BlackBerry’s ONX platform. This move propelled BlackBerry’s U.S.-listed shares to reach a nearly three-month high, eventually settling at $3.
Despite facing challenges in recent years, including a 13% decline in its NY-listed stock compared to the S&P 500’s 9% rise year-to-date, BlackBerry has diversified its revenue streams through cybersecurity offerings and licensing software across various sectors.
Chetan Khona, senior director of industrial, vision, healthcare, and sciences markets at AMD, expressed optimism about the partnership, stating that the technology “takes the future of robotics technology well beyond the constraints experienced until now.”
