10 Important AI Announcements for Investors

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes technologies for wireless communication, including mobile devices, automotive systems, and IoT. The company also invests in emerging technologies, with a strong focus on artificial intelligence, extending its impact across industries like 5G, automotive, and cloud computing.

A trial between Arm and Qualcomm (NASDAQ:QCOM) begins on December 16 in Delaware, focusing on a dispute over Qualcomm’s use of Arm’s intellectual property following its $1.4 billion acquisition of chip startup Nuvia in 2021. Qualcomm used Nuvia’s designs to create AI chips for Windows laptops, which Arm claims require renegotiation of Nuvia’s license terms. Qualcomm argues its existing license covers these designs. For more details, you can check out our report: How ARM (ARM) And Qualcomm (QCOM) Can Turn A Courtroom Battle Into Mutual Success.