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. Stock
The stock is one of the favorites of our community with 29 Buy predictions and 2 Sell predictions.
With a target price of 173 € there is a slightly positive potential of 12.95% for Qualcomm Inc. compared to the current price of 153.16 €.
