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News 2026-07-02 18:50 UTC

Wall Street Is Raising The Ceiling On Qualcomm—Here's Why

Qualcomm (NASDAQ: QCOM ) is a business that many people thought they understood. It made the chips inside Android phones. It collected fees from phone makers who used its wireless technology. That was all they knew about the business. So when Apple decided to stop using Qualcomm’s parts and build its own. This made a l