BlackBerry stock skyrockets after development deal with Amazon’s AWS

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Actions de BlackBerry Ltd. BB,
+ 33,72%
climbed 34.6% in active pre-market trading on Tuesday, after security software services company and Amazon.com Inc.’s AMZN,
+ 0,19%
The cloud business of Amazon Web Services Inc. has announced a “multi-year global agreement” to develop IVY, BlackBerry’s intelligent vehicle data platform. Trading volume reached 2.4 million shares before the opening, already more than half of the daily average of around 3.8 million shares. BlackBerry IVY will enable automakers to provide a secure way to read data from vehicle sensors and create information from that data. Automakers can then use this data to create on-board services. The companies did not provide financial terms of the deal. “Data and connectivity are opening new avenues for innovation in the automotive industry, and BlackBerry and AWS share a common vision to provide automakers and developers with better information so they can deliver new services to consumers. BlackBerry CEO John Chen said. BlackBerry stock has gained 5.2% in the past three months to Monday, while the S&P 500 SPX,
+ 1,12%
nailed 2.7%.

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