Qualcomm Stocks Jump as Apple Extends the Royalty Bridge

This article first appeared on GuruFocus. Qualcomm (NASDAQ:QCOM), the wireless-chip and edge-AI company, renewed its global patent license with Apple, effective April 1, 2027. Shares rose about 2.4% to $198.95 at 10.37am ET Time on Friday, September 25. Apple is building more of its own modems, but that shift does not end its patent relationship with Qualcomm. Warning! GuruFocus has detected 2 Warning Sign with QCOM. Is QCOM fairly valued? Test your thesis with our free DCF calculator.QCOM GF Value chart The distinction matters for revenue. Patent royalties and modem sales are separate businesses.