IOVA Rally, BlackBerry QNX Uber Deal and Micron Earnings Preview

Um, now, when we were talking about BlackBerry last week, um, what I had been mentioning is that I foresee, um, at least a hundred and sixty million in revenue for the quarter, um, as well as a six or seven, uh, cent EPS, um, which was well above analyst expectations.

Uh, analyst expectations were about a hundred and forty-five million in revenue, uh, which would be like really, really small growth, as well as, uh, only four cents earnings per share.

Uh, BlackBerry announced, ended up doing I think about a hundred and sixty-five million in revenue as well as, um, seven cents earnings per share.

So revenues are scaling, margins are scaling.

Uh, we got a little bit of news during the earnings call about a partnership with Uber.

So not only is BlackBerry providing, uh, the software for most modern vehicles, um, not only are they, um, now partnered with NVIDIA, they're partnered with AMD, um, but they are also partnered with Uber now.

So they are going to be, uh, providing the, uh, operating system that the, uh, self-driving taxis are built on.

Um, this is another big step forward.

It's, I think, another big, um, validation point, right, for the market when you're looking at BlackBerry.

Um, and it just kind of builds on, um, you know, some of the things that we had been talking about before, right? Where you had the Momenta partnership for self-driving cars.

Um, you also have, um, the partnership with Waymo for the autonomous taxis, and now Uber for autonomous taxis.

So the contracts are stacking up very quickly.

Um, I'm expecting that kind of going forward, this is going to continue and that revenue's gonna really start exploding.

Um, if we take a look at the chart, which I can share my screen real quick.

Um-

Please do.

Let me just go ahead and pull that up.

So if we're taking a look at this chart, what we can see is that there was, number one, I mean, this was an absolute rollercoaster the last few days.

Um, but what we keep seeing is that, you know, it draws down and then it's instantly accumulated back up, right? We see the big wick to the downside here, small wick to the downside here.

You got a big gap down, uh, which ended up being an engulfing candle, gapped up, traced all the way down to this liquidity level, um, that I pulled from the volume profile.

Uh, instantly found it a support today and, uh, it's just been climbing back up.

So things are looking good.

We are out of that basement area and kind of working through, um, like the top half of this range now.

Um, looking at-- When we're looking at, uh, the options flow, we can see that there are a hell of a lot more calls being bought than puts.

Um, and looking at the end of this week, we can see that there is a pretty big incentive for this to be pinned under nine dollars.