Qualcomm shares are trading lower after gaining on Monday. The company also agreed to pay $75 million to settle a lawsuit related to Apple's patent licensing claims.
Portfolio Pulse from Benzinga Newsdesk
Qualcomm shares are trading lower after gaining on Monday. The company also agreed to pay $75 million to settle a lawsuit related to Apple's patent licensing claims.
June 20, 2024 | 5:01 pm
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Qualcomm shares are trading lower after a recent gain, following the announcement of a $75 million settlement to resolve a lawsuit with Apple over patent licensing claims.
The $75 million settlement is a significant financial outlay and may impact investor sentiment negatively in the short term, leading to a decline in Qualcomm's stock price.
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