58.60 +0.04 (0.07%)
Pre-Market: 9:14AM EDT
|Bid||58.32 x 900|
|Ask||58.70 x 4000|
|Day's Range||58.12 - 59.58|
|52 Week Range||42.36 - 59.59|
|Beta (3Y Monthly)||0.49|
|PE Ratio (TTM)||13.07|
|Forward Dividend & Yield||1.26 (2.35%)|
|1y Target Est||N/A|
Qualcomm shares surging over 10 percent after the chipmaker and Apple reached a deal to end their patent dispute. Yahoo Finance's Seana Smith and Heidi Chung discuss.
Stock futures: Chip stocks such as AMD, Intel and Qualcomm are leading the current market rally even though they share this glaring weakness. Here's why.
Apple Inc and Qualcomm Inc on Tuesday settled an acrimonious two-year legal dispute. Shortly afterward, Intel Corp said it will exit the smartphone modem chip business. Echoing complaints from the U.S. Federal Trade Commission, Apple had alleged that Qualcomm used its patent licensing business to keep a monopoly on modem chips that connect devices like the iPhone to wireless data networks.
Apple Inc. and Qualcomm Inc.’s surprise settlement agreement — in the midst of opening arguments of their much anticipated patent trial in San Diego — will result in a huge cash windfall for Qualcomm, and puts Apple on a faster path to add the latest 5G technology into future iPhones.
By Stephen Nellis SAN FRANCISCO (Reuters) - Apple Inc and Qualcomm Inc on Tuesday settled an acrimonious two-year legal dispute. Shortly afterward, Intel Corp said it will exit the smartphone modem chip ...
The iPhone maker struck a deal Tuesday with Qualcomm Inc. to halt all litigation and start using the chipmaker’s modems again, likely including important new 5G versions. The agreement includes a six-year licensing pact, creating a telling new deadline for Apple to design its own modems and finally cut ties to Qualcomm. "Modems are the sport of kings," said Gus Richard, a chip analyst at Northland Capital Markets.
As Qualcomm's major victory against Apple sent semiconductor stocks to record highs on Wednesday, the sector's strong recent rally may be at odds with uncertainty about an ongoing downturn in global demand. Very simply, business is not as good as the stocks would imply and we would challenge someone to suggest their business has improved as much as their stock has," Semiconductors Advisors wrote in a client note. Announced on Tuesday, Apple's surprise settlement with Qualcomm calls for its iPhones to once again use Qualcomm's modem chips.
Wall Street on Wednesday cheered the end of a yearslong dispute between iPhone maker Apple and wireless-chip leader Qualcomm. Apple and Qualcomm both rose on news of the legal settlement.
announced on Tuesday afternoon is clearly a major financial positive for Qualcomm, and had the side benefit of driving yet another modem rival out of the market. At the same time, with Apple and Qualcomm having only shared so much about their settlement, and with some third parties set to make important decisions of their own, the deal raises a few major questions about what will happen in the coming months and years. Apple and Qualcomm announced that they've settled their massive, two-year, legal battle over royalties owed on the sale of iPhones and other devices featuring Qualcomm's intellectual property.
Intel Corp.’s revenue may get hit on its decision to exit the 5G smartphone business after the settlement was announced. The revival of Qualcomm’s relationship with Apple eventually swayed Intel’s management to hang up its efforts to dominate the 5G smartphone modem business.
After months of nasty volatility, uncomfortable worries and policy dissonance from the Federal Reserve (first hawkish, now dovish), the Nasdaq 100 rose above its October high to bag a new record on Wednesday. The move caps a gain of nearly one-third off of the low set in late December (Christmas Eve, actually) and comes just days ahead of the long Easter holiday.Tech stocks, obviously, have been the star with buying attention focusing on familiar mega-cap names as well as the entire semiconductor sector. The group is getting attention ahead of an expected rebound in global manufacturing activity as well as the fact that processing power is pretty much found in every manufactured good these days. The Internet of Things and all that. * 10 Best Stocks to Buy and Hold Forever While the broader Nasdaq Composite is still just below its prior high, here are the key tech stocks driving the narrower Nasdaq 100 higher:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel (INTC) Click to EnlargeIntel (NASDAQ:INTC) shares are up another 3.6% in mid-day trading on Wednesday, capping a rise of more than 40% off of the low set in October. The move extends further past the prior high set last summer near the $57-a-share level. The company announced this morning that it was exiting the 5G smartphone modem business, something investors are cheering as management concentrates on 5G network infrastructure instead.The company will next report results on April 25 after the close. Analysts are looking for earnings of 90 cents per share on revenues of $16 billion. When the company last reported on Jan. 24, earnings of $1.28 beat estimates by 6 cents on a 9.4% rise in revenues. Apple (AAPL) Click to EnlargeNot only is hype building for the release of all-new iPhone handsets later this year, but Apple (NASDAQ:AAPL) shares are benefiting from the signing of royalty agreements with Qualcomm (NASDAQ:QCOM), which finally puts an end to a bitter, global legal dispute. After paying a settlement, Apple will feature 5G Qualcomm modems in future handsets. * 10 S&P 500 Stocks to Weather the Earnings Storm The company will next report results on April 30 after the close. Analysts are looking for earnings of $2.37 per share on revenues of $57.5 billion. When the company last reported on Jan. 29, earnings of $4.18 beat estimates by a penny on a 4.5% drop in revenues. Amazon (AMZN) Click to EnlargeAmazon (NASDAQ:AMZN) shares are exiting a two-month consolidation range to push deeper into levels not seen since October. Shares are already up more than 40% and look ready for another run at the $2,000 a share level. The company continues to push aggressively into new business areas, including electric vehicle startup Rivian and reports the company is in talks to launch an ad-supported music service.The company will next report results on April 25 after the close. Analysts are looking for earnings of $4.72 per share on revenues of $59.6 billion. When the company last reported on Jan. 31, earnings of $6.04 beat estimates by 53 cents on a 19.7% rise in revenues. Microsoft (MSFT) Click to EnlargeMicrosoft (NASDAQ:MSFT) has been a steady eddy, rising calmly out of its late December low to push to new record highs back in March. This marks the resumption of an uptrend that started back in the summer of 2016. The folks at Barron's recently penned a positive article on the stock. * 7 Consumer Stocks to Buy and Hold for Years The company will next report results on April 24 after the close. Analysts are looking for earnings of $1 per share on revenues of $29.8 billion. When the company last reported on Jan. 30, earnings of $1.10 beat estimates by a penny on a 12.3% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post 4 Tech Stocks Driving the Nasdaq to New Highs appeared first on InvestorPlace.
Intel’s decision to leave the 5G wireless-modem business is good news for the company, according to Wall Street analysts.
As part of their settlement, Apple and Qualcomm reached agreement on a multiyear licensing deal and a multiyear chipset supply agreement which likely will see Qualcomm modems return to Apple iPhones. During the dispute, Intel has been supplying Apple. "In the smartphone modem business it has become apparent that there is no clear path to profitability and positive returns," Intel CEO Bob Swan said in a statement on Tuesday.
The Dow Jones today was led by Intel stock. Intel is shuttering its wireless chip business as a result of an accord between Qualcomm and Apple.
The decision was announced hours after rival Qualcomm settled a years-long dispute with Intel's main modem customer Apple.
The European Commission's push for a wifi-based standard for cars backed by Volkswagen took a big step forward on Wednesday after EU lawmakers endorsed wifi over 5G technology promoted by BMW and Qualcomm. The EU executive wants to set benchmarks for internet connected cars, a market that could generate billions of euros in revenues for carmakers, telecoms operators and equipment makers, according to analysts. Wifi technology supporters include Renault, Toyota, NXP, Autotalks and Kapsch TrafficCom.
Investing.com - The Dow ended the day flat Wednesday, with earnings providing little direction and health care stocks slumping on concerns that potential reforms may wreak havoc on the sector.
Steven Milunovich, managing director at Wolfe Research, joins CNBC's "Power Lunch" team to discuss the legal settlement reached between Qualcomm and Apple.