Qualcomm strikes a new deal with Apple. How the pros say to play it

by | Sep 11, 2023 | Financial

Market Movers rounded up the latest reactions on Qualcomm from investors and analysts. The pros discussed the chipmaker after the company announced it will continue to supply 5G modems for Apple’s smartphones through 2026 . Wall Street analysts and Qualcomm officials had previously thought Apple would produce and use its own 5G modem starting in 2024. Apple is widely expected to unveil new iPhones Tuesday, which will use Qualcomm modems. Qualcomm’s stock jumped 3.9% Monday.

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