Synaptics (SYNA) and BlackBerry (BB) are both seeing significant gains today. Synaptics provides wireless connectivity solutions and an AI platform for battery-powered wireless devices. BlackBerry develops software for automobiles and offers IT security solutions.

Synaptics is rising 6% after the company announced it will collaborate with Alphabet (GOOG, GOOGL) on an edge AI project. Specifically, the companies will seek to combine Alphabet’s machine learning core with Synaptics’ Astra hardware. According to Synaptics, Astra consists of embedded processors that enable the deployment of AI independent of data centers, offer low power consumption and address issues related to latency and data protection.

13 AI News That Broke the Internet

“While we have historically led in a handful of narrow processor verticals, we are now embarking on a journey to bring advanced AI capabilities to an incredibly broad range of edge (Internet of Things) devices,” said Michael Hurlston, CEO from Synaptics, last year.

In the last three months, SYNA shares have risen 5.5%.

BlackBerry shares rose 4% after the company announced it would rename its BlackBerry IoT unit. In the future, QNX will be the name of the department. QNX is the company’s operating system, used by over 255 million vehicles worldwide. The company also announced that it plans to “relaunch the QNX brand.”

While we recognize SYNA’s potential, we believe some AI stocks are more promising to deliver higher returns, and within a shorter time frame. If you’re looking for an AI stock that has more promise than SYNA but trades at less than 5x earnings, check out our report on it cheapest AI stock.

READ ALSO The 8 Best Wide Moat Stocks to Buy Now And The 30 most important AI stocks according to BlackRock

Disclosure: The author owns shares in BB. He doesn’t plan to trade the stock in the next 48 hours. This article was originally published on Insider Monkey.