Why Arm Stock Is Sinking Today
Arm (NASDAQ: ARM) stock is losing ground in Monday's trading. The company's share price was down 4% as of 11:30 a.m. ET. Meanwhile, Qualcomm (NASDAQ: QCOM) stock was up 1.6%.
Arm is falling today on the heels of a court ruling on Friday in its case against Qualcomm. The jury in the case did not come to an agreement over whether a business purchased by Qualcomm had breached a licensing agreement with Arm. The lack of jury consensus is effectively a win for Qualcomm.
Arm and Qualcomm have been locked in a contentious legal battle about whether Qualcomm wound up violating licensing agreements following its acquisition of semiconductor specialist Nuvia in 2021. Arm's position has been that Nuvia violated its licensing agreement after being purchased by Qualcomm -- and that Qualcomm owed back royalties and should renegotiate its licensing deal.
Source Fool.com
Qualcomm Inc. Aktie
Die Aktie ist durchaus ein Favorit unsere Community mit 29 Buy-Einschätzungen und 2 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 173 € für Qualcomm Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 147.5 € hin.
