BlackBerry (TSX:BB) provides the foundational software for machines that bring artificial intelligence into the physical world, while Docebo (TSX:DCBO) applies AI to the skills and knowledge management that enterprises need in their daily operations. Both companies require years of sustained good performance, but their growing revenue, expanding markets, and improving profitability offer a tangible path to greater value for a $5,000 portfolio.
Reaching the target of $50,000 requires a tenfold return, and this is not a get-rich-quick scheme. Calculated at a compound annual growth rate of approximately 12.2%, achieving that goal would take 20 years, which gives quality businesses ample time to match their valuations. Candidates for a tenfold return typically have reasonable valuations, operate in expanding markets, and offer products that customers find difficult to replace. When AI addresses costly real-world problems rather than merely adding chatbot features, it reinforces the advantages above. Allocating the $5,000 equally also prevents any single stock’s disappointing performance from dragging down the overall portfolio.
BlackBerry no longer needs its smartphone business to make a comeback. Its QNX software provides the safe operating foundation for systems in vehicles, medical devices, robotics, factories, and more—environments where a software crash can cause far more serious problems than a frozen screen. This places QNX at the heart of physical AI. Cars and machines need reliable software to process information, control equipment, and securely connect increasingly intelligent applications to the underlying hardware.
BlackBerry’s latest earnings show that this opportunity has moved beyond the conceptual stage. In the first quarter of fiscal 2026, the company’s revenue grew 26% year over year to $152.9 million, with QNX business revenue rising 26% to $72.3 million. Adjusted EBITDA surged 144% to $36.3 million. At the same time, QNX secured nearly $1 billion in future royalty revenue, which will be realized gradually as customers launch vehicles and embedded systems using its software. This backlog bridges the gap between current design wins and future cash flows.
The other company, Docebo, provides a cloud platform that helps enterprises train employees, customers, and partners. Its software supports onboarding, compliance and regulatory training, career development, and external education, generating recurring subscription revenue once integrated into daily operations. The company is working to leverage AI to transform fragmented enterprise knowledge into useful training content. Its Docebo AgentHub can create learning materials from existing documents, and technology acquired through 365Talents enables the identification of skills gaps, guiding employees toward training, projects, or role changes. In the first quarter, the platform achieved $248.9 million in annual recurring revenue, up 10.6% year over year. Free cash flow reached $27.6 million, more than tripling year over year and representing 42% of quarterly revenue.
Docebo brings a more focused business domain, recurring revenue, and improved cash generation—elements that provide the fundamentals to consider when selecting long-term growth stocks.
Risks also exist. BlackBerry’s stock has risen sharply in the near term, and it may take several years for automotive design wins to convert into royalty revenue. Docebo faces intense enterprise software competition, long sales cycles, and the challenge that integrating 365Talents could divert management’s attention. These risks make it more prudent to scale in gradually rather than expect any single stock to move straight toward the target. The stocks built with $2,500 each may also decline before they rise, and patience may prove as important as the initial capital.
