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The last three times this chip stock traded here it soared nearly 50% cnbc.com The last three times Qualcomm bumped against $50 a share — in early 2016, mid-2016 and early 2018 — the stock raced higher, even moving above $75 last year. A 50 percent move higher would take Qualcomm above $78.
US judge hammers Qualcomm in its antitrust case, shares plunge 13% cnbc.com Qualcomm unlawfully suppressed competition in the market for cellphone chips and used its dominant position to impose excessive licensing fees, a U.S. judged ruled.
The judge sided with the U.S. Federal Trade Commission, which in 2017 filed a lawsuit against Qualcomm, accusing the company of using “anticompetitive” tactics to maintain its monopoly on a key semiconductor used in mobile phones.