12 Best Stocks to Invest in for a Stock Market Game

8. BlackBerry Limited (NYSE:BB)

Price momentum over the past year: 70.57%

BlackBerry Limited (NYSE:BB) is a Canada-based provider of intelligent software and services to enterprises and governments. The company offers operational resilience with a certified platform for mobile fortification, mission-critical communications, and critical events management. With three main segments: Secure Communications, IoT, and Licensing, the company is allowing automakers and industrial giants to find innovative solutions, diversify their revenue streams, and launch transformative business models. Focusing on safety, security, and reliability, BB plans to power the world.

The redesigned focus of BlackBerry Limited (NYSE:BB) has renewed investor interest. With struggles surrounding its hardware segment, the company’s software transition has turned things around. The giant’s cybersecurity business is the strongest, with a $435 million annual run rate and a 55% gross margin. Followed by the Internet of Things (IoT) segment, generating a $245 million annual run rate and 80% in gross margins.

The company’s offering of its cutting-edge driver-assistance platforms and infotainment systems is a testament to the company’s emphasis on sustained growth for connected cars. As autonomous driving technology gains momentum, the BlackBerry Limited (NYSE:BB) platform is attracting automakers seeking robust safety measures.

Additionally, the Canadian tech giant’s QNX software is reported to be embedded in over 255 million vehicles and around 68% of electric cars. This is one of the biggest business segments delivering highly secure software for automobiles, medical devices, robotics, and other industrial systems. The fact that almost all top electric vehicle manufacturers make use of the software underscores how crucial BB is going to be in the long haul.

BlackBerry Limited (NYSE:BB) market projections signal a promising future, owing to the demand outlook of its AI-based cybersecurity solutions in the era of worldwide cybersecurity threats. We can say that this, once a leading phone manufacturer, is successfully redefining itself for years to come.