Remember the days before iPhones when the coveted phone of choice was the Blackberry? It may seem like a vague memory of the past, but BlackBerry just had one of its best days in years. The company rose over 59% in the early week after striking a deal with Amazon’s AWS cloud on an intelligent data platform for vehicles. The deal between $AMZN and $BB would focus on helping automakers understand and utilize the sensor data collected from vehicles.
Several cybersecurity cloud platforms rallied in trading today. Crowdstrike ($CRWD) ran up over 13% and Zscaler rallied over 26%. $ZS reported earnings from a strong quarter, while also reiterated a robust outlook for the quarter ahead. $ZS is mainly a cybersecurity company which has benefited a large volume of companies in need of security solutions for broad technical operations. It had the third-best performance among U.S tech stocks this year right behind Zoom ($ZM) and Fastly ($FSLY).
One of the biggest IPOs of the year was Snowflake, which captured investing interest from Berkshire Hathaway and Salesforce. Many wondered if both companies overpaid to get a piece of the pie, but there might be enough to go around. Shares of $SNOW popped over 16% after their first earnings report showed the company with 119% revenue growth in the trailing quarter. Though the company is still losing money, growth and cost cutting could contribute to the company turning profits late next year.
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