We recently published a list of These 10 Stocks Led Rally on Wednesday. In this article, we are going to take a look at where Blackberry Ltd. (NYSE:BB) stands against other stocks that led rally on Wednesday.

Ten companies led the charge on Wednesday, bucking a mostly pessimistic broader market, on the back of better outlook, positive earnings performance, and news of government support.

Wall Street’s main indices finished mix, with the Dow Jones and S&P 500 declining 0.50 percent and 0.27 percent, respectively. Nasdaq was the sole gainer, albeit inching up only 0.03 percent during the day.

In this article, we will explore the reasons behind the 10 firms’ strong performance. To come up with Wednesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A research engineer surrounded by hardware, demonstrating the company's secure container offerings.

Blackberry Ltd. (NYSE:BB)

Blackberry surged by 10.44 percent on Wednesday to close at $5.82 apiece as investors cheered news of the company’s partnership with automotive software and consulting specialist Pi Square Technologies to train thousands of software engineers in India in a bid to advance the country’s automotive industry.

In a statement released late Tuesday, BB said the partnership, through its QNX division, would run over the next few years to address the growing global demand for highly skilled embedded systems developers.

The partnership particularly aims to spur the adoption of its QNX software development platform to support advanced driver assistance systems (ADAS).

Meanwhile, Pi Square would work with hundreds of Indian academic institutions to incorporate the QNX software into the schools’ curriculum.

“This should provide students with practical knowledge in embedded systems software development, equipping them with turnkey skills that they can use to solve real industry problems upon graduation,” BB said.

Overall, BB ranks 7th on our list of stocks that led rally on Wednesday. While we acknowledge the potential of BB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as BB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.