TradingKey – Qualcomm (NASDAQ: QCOM) closed at $176.86 on October 13, up 1.39%, after reaching $180.78 in intraday trading. A Delaware jury’s verdict in Qualcomm’s case against Arm recently provided some new catalysts. Qualcomm intends to expand into AI, and this verdict could help with that effort.
Can Qualcomm’s efforts in the automotive and data centers help offset the decline in the handset market? Qualcomm will report fiscal fourth quarter earnings on November 4.
Arm Verdict Brings Strategic, Not Immediate, Relief
On October 13, a Delaware jury ruled Arm breached a licensing agreement and intentionally interfered with Qualcomm’s relationship with Meta, but awarded Qualcomm only $2 in damages, and ruled for Arm on the other…
