Adeia shares are trading higher after the company announced that it and NVIDIA have resolved the existing litigation between the companies on confidential terms.
Portfolio Pulse from Benzinga Newsdesk
Adeia and NVIDIA have resolved their ongoing litigation on confidential terms, leading to a rise in Adeia's share prices.
September 11, 2023 | 8:25 pm
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POSITIVE IMPACT
Adeia's shares are trading higher after resolving litigation with NVIDIA.
The resolution of the litigation with NVIDIA removes a significant legal risk for Adeia, which is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVIDIA has resolved its litigation with Adeia on confidential terms.
While the resolution of the litigation removes a potential legal risk for NVIDIA, the impact on the company's stock price is likely to be neutral in the short term as the terms of the resolution are confidential.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50