Qualcomm stock set for huge gains after Intel backs out of 5G and Apple settles legal battle
https://www.cnbc.com/2019/04/17/qualcomm-soars-after-intel-backs-out-of-5g-apple-settles-legal-battle.html
Shares of Qualcomm spiked more than 10% in premarket trading Wednesday on the heels of two big wins. The rally is set to add another $9 billion to its market cap following a massive jump on Tuesday, which would bring it to about $94 billion.
On Tuesday, Qualcomm and Apple announced they had settled their royalty dispute just as trial proceedings had begun in San Diego. The deal, which included a payment from Apple and chipset supply agreement, sent the stock soaring 23% and added about $16 billion to its market cap.
Qualcomm stock set for huge gains after Intel backs out of 5G and Apple settles legal battle
Apr 17, 2019, 1:35pm UTC
https://www.cnbc.com/2019/04/17/qualcomm-soars-after-intel-backs-out-of-5g-apple-settles-legal-battle.html
> Shares of Qualcomm spiked more than 10% in premarket trading Wednesday on the heels of two big wins. The rally is set to add another $9 billion to its market cap following a massive jump on Tuesday, which would bring it to about $94 billion.
> On Tuesday, Qualcomm and Apple announced they had settled their royalty dispute just as trial proceedings had begun in San Diego. The deal, which included a payment from Apple and chipset supply agreement, sent the stock soaring 23% and added about $16 billion to its market cap.