BlackBerry shares kept climbing overnight into Tuesday after a nearly 19% jump on Friday, as investors responded to a fresh pitch from company leaders that the once-struggling handset maker is now entering a new growth phase. Sidus Space and Rigetti Computing also drew buying interest, extending a brisk trade in names tied to artificial intelligence, quantum computing and space technology.
At the CIBC Technology & Innovation Conference 2026, Tim Foote told investors that BlackBerry has transformed from a cash-burning company into a profitable software business. He said the company has now delivered eight consecutive quarters of improving GAAP net income and positive cash generation, a message that helped fuel the stock’s move after a year in which shares have more than doubled. The rally also reflected broader enthusiasm for bb-linked growth stories, with traders rotating into companies that can claim a spot in emerging tech themes rather than old-line hardware.
John Wall added another layer to the pitch, saying BlackBerry sees growing opportunities beyond automotive markets for QNX in robotics, industrial automation and physical AI applications. The company also said BlackBerry AtHoc completed its 2026 FedRAMP Class D High re-certification, and it renewed its share buyback program, giving it authority to repurchase up to 26.8 million common shares through May 2027. Together, those moves signaled a business that is trying to pair growth claims with capital return, not just tell a story about turnaround momentum.
The stock action did not happen in isolation. BlackBerry’s move came as traders continued to favor companies tied to the same high-conviction themes that have driven recent runs in smaller technology names, while Sidus Space and Rigetti also attracted fresh attention after sharp gains. Sidus shares closed up nearly 24% last week and edged up nearly 4% in extended trading Monday, while Rigetti shares jumped to close up nearly 20% in the last session.
Sidus had its own catalyst. The company said first-quarter 2026 revenue rose about 51% year over year to $359,372, while its net loss narrowed to $5.21 million from $6.41 million a year earlier. It also completed a $58.5 million registered direct offering in April, leaving it with roughly $27.35 million in cash at the end of the quarter. That stronger liquidity gave traders more confidence in a name that still remains early in its operating life. Some investors have also been looking past the numbers to the possibility of a SpaceX IPO, which has helped keep space-tech shares lively.
The gap between the stock reaction and the underlying businesses is hard to miss. BlackBerry is leaning on a cleaner software profile and a steadier balance sheet, while Sidus is still reporting small revenue against a sizable loss, even after the fundraising boost. That is what makes this pocket of the market so volatile: the same traders who chase evidence of progress are also willing to pay up for the promise of what comes next.
For now, the market has made its judgment. BlackBerry is being treated less like a relic and more like a turnaround story with operating proof points, while Sidus and Rigetti are being priced as bets on future demand, not current scale. The question for Tuesday is whether that momentum can survive once traders start asking how much of the optimism is built on execution and how much is built on hope.
