12 AI News and Ratings Investors Are Watching Right Now

7. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74

QUALCOMM Incorporated (NASDAQ:QCOM) focuses on developing technologies for wireless communication and invests in AI, 5G, and IoT across various industries.

Reuters reported on December 20 that a U.S. jury ruled that Qualcomm’s central processors are properly licensed under its agreement with Arm Holdings, allowing Qualcomm to continue selling chips created using Nuvia technology, which is key to its expansion into the laptop market. However, the jury could not decide if Nuvia breached its license with Arm, leading to a mistrial on that issue. While Qualcomm claimed the verdict supported its innovation rights, Arm expressed disappointment and plans to seek a new trial.

The case centered on royalty rates, with Arm asserting that Nuvia’s custom core designs violated its terms. For now, Qualcomm can advance its AI-focused laptop chips, a market also targeted by competitors, the report stated. The company said:

“The jury has vindicated Qualcomm’s right to innovate and affirmed that all the Qualcomm products at issue in the case are protected by Qualcomm’s contract with Arm.”