Shares of Qualcomm spiked more than 10% in premarket trading Wednesday on the heels of two big wins. The rally is set to add another $9 billion to its market cap following a massive jump on Tuesday, which would bring it to about $94 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.
$QCOM BE $100 NEXT weeks
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