BlackBerry Drops 7% as Post-Earnings Rally Unwinds Despite Record QNX Quarter; MobilEye Adds 2%

BlackBerry shares slid about 7% after an earnings-driven rally began to unwind, despite a record quarter from its QNX automotive software unit. The stock traded around $8.14 and remains up 115% year to date, but profit-taking followed the results. The move contrasted with broader tech: the iShares Expanded Tech-Software Sector ETF (IGV) fell about 0.3%, while the SPDR S&P 500 ETF Trust (SPY) rose about 0.5%. BlackBerry reported fiscal second-quarter adjusted earnings of $0.07 per share, beating expectations, and revenue topped forecasts. QNX delivered record quarterly revenue of $80 million, above the high end of guidance, and management raised full-year outlook. However, the fiscal third-quarter revenue outlook matched Wall Street and the adjusted earnings range only topped consensus at the upper end, giving investors reason to trim exposure.