Qualcomm Stock (NASDAQ:QCOM)
Qualcomm Stock saw a significant increase this week when the firm said it was getting closer to resolving its legal disputes with Apple.
According to S&P Global Market Intelligence data, Qualcomm investors anticipate that Qualcomm (NASDAQ:QCOM) is done with its patent legal struggle with the manufacturer of the iPhone. It has led to an increase in the Qualcomm Stock of 8% this week.
Then What?
On Monday, the United States Supreme Court declined to hear an appeal from Apple in the company’s ongoing patent infringement lawsuit against Qualcomm (NASDAQ:QCOM). Apple was attempting to persuade the court that some of Qualcomm’s patents were invalid, but they were unsuccessful.
The Supreme Court refused to hear Apple’s patent challenge for the second time. This indicates that the corporation will not be able to take the case any further.
Apple and Qualcomm (NASDAQ:QCOM) have mostly settled their patent disputes over the past few years. Investors in Qualcomm Stock are likely viewing this latest move by the court as an indication that the company can move on from the patent drama. Apple and Qualcomm have been involved in several legal battles over the past several years.
What’s Next?
Following the publication of the most recent employment data by the Bureau of Labor Statistics on Friday morning, which showed that payrolls increased by 263,000 jobs in September, Qualcomm Stock fell by a fraction of a percentage point.
Investors in Qualcomm Stock are likely concerned that the Federal Reserve will view a strong labor market as evidence that the economy is strong enough to withstand continued aggressive interest rate hikes. While a strong labor market is great for job seekers, investors in Qualcomm Stock are likely concerned that the Federal Reserve will view a strong labor market as more evidence that the economy is strong enough to withstand a continued aggressive interest rate hike.
Many investors are on edge right now due to this potential because they feel that more rate rises intended to rein in inflation would slow down the economy to an excessive degree.
In light of this, Qualcomm Stock inventors have every right to be pleased with the Supreme Court’s decision not to hear Apple’s patent appeal; nevertheless, they should also be prepared for more possible share price fluctuations.
Featured Image- Megapixl @ Michaelvi
Author Shariq Khan 
