Qualcomm stock price rises 55% in 2019 – hit $90 in November


Qualcomm Snapdragon 6 5G

According to media reports, Qualcomm, a semiconductor and wireless technology solution provider, resolved disputes with Apple over patent licensing fees in 2019 and received a $4.7 billion fee from Apple. In addition to the license fee, it also reached a multi-year patent licensing agreement and chip supply agreement with Apple. At the end of the year’s Snapdragon Summit, Qualcomm also launched a variety of 5G processors.

Qualcomm

In the capital market, Qualcomm also has a good performance. Its stock price has increased by more than 50% in the whole year (2019), and its market value has exceeded $100 billion. At the close of the US stock market on the last trading day of 2019, Qualcomm’s stock price was $88.23, which is $0.2 or 0.23% lower than the $88.43 at the close of the previous trading day.

Although Qualcomm’s stock price fell slightly on the last trading day of 2019, the closing price of $88.23 is still significantly higher than the closing price on the last trading day of 2018.

On December 31, 2018, Qualcomm’s stock closed at $56.91 this is $31.32 higher and an increase of 55%. At the highest point in 2019, Qualcomm’s stock price had exceeded $90 and reached a high of $94.11 during the intraday on November 8. The closing price was still as high as $ 94.03. After the stock price rose, Qualcomm’s market value also rose significantly. At the close on December 31, Qualcomm’s market value was $100.475 billion.

Source :

ITHome

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