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Benzinga
Benzinga
Business
Adam Eckert

EXPLAINED: Why qualcomm stock is moving higher today - The Real Truth

Qualcomm Apple QCOM Qualcomm Inc

QUALCOMM Inc (NASDAQ:QCOM) shares are trading higher Monday after the Supreme Court rejected Apple Inc's (NASDAQ:AAPL) patent challenge.

Qualcomm previously won a dispute against Apple over licensed iPhone patents, but Apple appealed the case. According to a Bloomberg report, the ruling will stand after the U.S. Court of Appeals for the Federal Circuit ruled that Apple can't challenge the decision because of the previous settlement between the two companies.

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