Former meme stock 'BB' (BlackBerry) rallied 270% in March, with one trader netting a 318% return by taking a long position.

According to Hyperinsight’s monitoring, BlackBerry (BB) has continued to attract capital inflows, rising 40% cumulatively over the past seven days and 270% since its early April low. On Hyperliquid, BB is currently priced at $11.6, up 3.4% intraday. A trader with the wallet address starting with 0xa5fd has maintained a 10x long position on BB’s contract since the first day it was listed on trade.xyz (32 days ago). The trader allocated $58,000 to build the position, which now has an unrealized profit of $186,000, representing a return of approximately 318%. The average entry price was $8.8, with the position size totaling $770,000. Additional notes: In recent years, BlackBerry has completed its transition to a software-centric business, with its core product—the QNX real-time operating system—widely applied in smart vehicles, autonomous driving, robotics and other fields. The recent sharp rally in its stock is mainly driven by factors including the market’s revaluation of its Physical AI concept, sustained growth of the QNX business, better-than-expected Q1 results, and an upward revision to its full-year earnings guidance. BlackBerry was once a global leader in business smartphones. After its mobile phone business declined, it gained renewed attention during the 2021 U.S. retail investor vs. Wall Street meme stock craze. There remains market division over this latest rally: some hold that its improving fundamentals provide support, while others view it as a resurgence of meme stock momentum.