Qualcomm stock surges on Apple legal settlement
Apple and Qualcomm have settled a royalty and patent dispute that went to trial this week in San Diego, California.
As part of the settlement, all legal action worldwide between the two companies will be dropped, and Apple will buy Qualcomm chips again.
Qualcomm said it expected a $2 increase in earnings per share and its stock rose over 15%.
CNBC: Qualcomm stock surges on Apple legal settlement.