BlackBerry Surges 18% as Automotive AI Rotates

BlackBerry led a sharp rotation into automotive AI software stocks Friday, surging 18% on strong QNX results, while Mobileye gained 4%, Aurora Innovation rose 2%, and NVIDIA slipped 1%. BlackBerry's Q4 report showed QNX revenue up 20% to a record $78.7 million, with the system now embedded in over 275 million vehicles and fresh design wins at BMW and Volvo. Year to date, BlackBerry is up 107% and Aurora Innovation 90%, while NVIDIA gains just 16%. Analysts caution that BlackBerry's consensus price target of $4.81 sits below current levels, and its forward P/E of 37x leaves little room for error. The market is clearly differentiating within automotive AI rather than treating it as one unified trade.