Qualcomm just added $26 billion to its market cap—Cramer, experts weigh in on settlement with Apple

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The end of Qualcomm's yearslong battle with Apple brings new hope for a host of technology stocks, market watchers say.

One of big tech's biggest battles is now over, and it's making Wall Street more bullish on the space.

div > div.group > p:first-child"> On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap.Jim Cramer, host of CNBC's "Mad Money," was excited about what this deal means for Apple:

"The thing that I don't understand is why isn't Apple up more? Before, we had 5G that was completely uncertain. We had no way to build a model on 5G. Now you have 5G. So … I believe next Christmas — not this year, but next year — could be the biggest Apple Christmas in history. So, you want to sell the stock now, because you know that next year at this time you can buy it back at $270?""I think you stick with this stock.

 

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