Qualcomm stock surges another 12% after Intel backs out of 5G and Apple settles legal battle

Shares of Qualcomm spiked more than 12.3% Wednesday on the heels of two big wins. The rally added about $10 billion to its market cap following a massive jump on Tuesday, bringing it to $95.7 billion.

The dispute had centered around Apple's use of Qualcomm's modem chips. Apple argued that Qualcomm's prices and mandate that companies using its chips also pay licensing fees for its patents was an abuse of its position as a dominant supplier. Qualcomm argued that Apple had withheld payments that were part of its royalty agreement.

Come on, guys.. just tweeting the top news of yesterday? While sending lots of totally marginal tweets in between.. how do you prioritize the information?

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