Qualcomm shares are trading higher after the company announced a chip supply agreement with Apple.
Portfolio Pulse from Bill Haddad
Qualcomm has announced a chip supply agreement with Apple, leading to a rise in Qualcomm's share prices.
September 11, 2023 | 11:32 am
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POSITIVE IMPACT
Qualcomm's stock price is trading higher following the announcement of a chip supply agreement with Apple.
The chip supply agreement with Apple is a significant business development for Qualcomm. This partnership is likely to increase Qualcomm's revenues and profitability, which is positively reflected in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100