<p><img src="https://static5.businessinsider.com/image/5fc6763f50e71a0011558351-2400/2017-10-16T154140Z_1333733221_RC1AF960EF70_RTRMADP_3_STOCKS-BLACKBERRY.JPG" border="0" alt="BlackBerry CEO NYSE" data-mce-source="Brendan McDermid/Reuters" data-mce-caption="John Chen, CEO of BlackBerry, gives an interview following the opening of his company's stock at the New York Stock Exchange (NYSE) in New York, U.S., October 16, 2017."></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul><li><strong><a href="https://markets.businessinsider.com/stocks/bb-stock">BlackBerry</a> surged as much as 65% on Tuesday after the company inked a multi-year deal with <a href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a> to develop and market its "Intelligent Vehicle Data Platform."</strong></li><li><strong>The cloud software, called IVY, allows automakers to read vehicle sensor data and improve systems and performance, according to a <a href="https://www.blackberry.com/us/en/company/newsroom/press-releases/2020/aws-blackberry-join-forces-to-accelerate-innovation-with-new-intelligent-vehicle-data-platform">press release</a>.</strong></li><li><strong>The stock's leap is its biggest one-day gain on record and placed shares at their highest level since April 2019.</strong></li><li><strong><a href="https://markets.businessinsider.com/stocks/bb-stock">Watch BlackBerry trade live here</a>.</strong></li></ul><hr><p><a href="https://markets.businessinsider.com/stocks/bb-stock">BlackBerry</a> rocketed as much as 61% higher on Tuesday after inking a multi-year deal with <a href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a> to develop and market BlackBerry's "Intelligent Vehicle Data Platform".</p><p>The platform, named IVY, includes cloud-connected software that allows automakers to read vehicle sensor data and "create actionable insights from that data" to improve vehicle performance, according to a <a href="https://www.blackberry.com/us/en/company/newsroom/press-releases/2020/aws-blackberry-join-forces-to-accelerate-innovation-with-new-intelligent-vehicle-data-platform">press release</a>. Improvements can include services that enhance driver and passenger experiences, the companies added.</p><p>The stock's rally is the largest single-day gain for BlackBerry shares on record and brings prices to their highest level since April 2019.</p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/investing-advice-tips-growth-fund-manager-dennis-lynch-morgan-stanley-2020-11" target="_blank" rel="noopener">Dennis Lynch has tripled his clients' money since 2010. The star fund manager shares 5 bets he's seizing on for 2021 and beyondand explains how he avoids making costly investing decisions.</a></em></p><p>Amazon gained as much as 1.3% on the news.</p><p>IVY will build on BlackBerry's QNX, a software bundle it currently uses in cars. Integration with Amazon Web Services allows data management and configuration across different vehicles to take place in the cloud, according to the release. For example, IVY could collect data from a driver encountering dangerous conditions and provide automakers with information on how certain safety features were used.</p><p>Drivers of electric vehicles could reserve charging stations during a trip and adjust charging time to best fit the driver's travel plans, the companies added.</p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/stocks-to-buy-31-set-to-become-growth-engines-hsbc-2020-12" target="_blank" rel="noopener">HSBC says buy these 31 global stocks that are exposed to the pandemic's biggest tech disruptions and set to become growth engines of the future</a></em></p><p>Amazon Web Services already counts Volkswagen and Toyota as major customers for its cloud-computing technology. BlackBerry's automotive software is used in 175 million cars.</p><p>BlackBerry traded at $9.24 per share as of 12:25 p.m. ET Tuesday, up roughly 44% year-to-date.</p><p><em><strong>Now read more markets coverage from Markets Insider and Business Insider:</strong></em></p><p><em><strong><a href="https://www.businessinsider.com/investing-advice-tips-growth-fund-manager-dennis-lynch-morgan-stanley-2020-11" data-analytics-position="2" data-analytics-module="">Dennis Lynch has tripled his clients' money since 2010. The star fund manager shares 5 bets he's seizing on for 2021 and beyond and explains how he avoids making costly investing decisions.</a></strong></em></p><p><em><strong><a href="https://markets.businessinsider.com/news/stocks/zoom-video-q3-earnings-stock-price-slowing-revenue-growth-guidance-2020-12-1029854162" data-analytics-position="1" data-analytics-module="">Zoom slides 14% as slowing sales-growth forecasts make investors question the stock's 200% post-COVID rally</a></strong></em></p><p><em><strong><a href="https://markets.businessinsider.com/news/stocks/economic-outlook-corporate-growth-slower-tourism-hotel-industries-fed-study-2020-12-1029854438" data-analytics-position="2" data-analytics-module="">Corporate growth could see a 10% drop in virus-slammed industries amid mounting debt levels, New York Fed says</a></strong></em></p><p><a href="https://markets.businessinsider.com/stocks/bb-stock"><img src="https://static1.businessinsider.com/image/5fc67ca7037cbd001861322a-1450/Screen Shot 2020-12-01 at 122454 PM.png" border="0" alt="BB" data-mce-source="Markets Insider" data-link="https://markets.businessinsider.com/stocks/bb-stock"></a></p><p><a href="https://markets.businessinsider.com/news/stocks/blackberry-stock-price-record-rally-automotive-software-deal-amazon-bb-2020-12-1029854658#comments">Join the conversation about this story »</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/pikes-peak-hill-climb-colorado-most-dangerous-racetrack-2020-2">Why Pikes Peak is the most dangerous racetrack in America</a></p>
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