Who's Who: Winners and Losers of Apple's Truce With Qualcomm
- Intel jumps to highest since 2000 as analysts praise 5G exit
- Ceva stock plunges as much as 18 percent; Skyworks sinks
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The end to a battle between Apple Inc. and Qualcomm Inc. removed a hangover for shareholders. While the news led to some positive read-through for the industry, some companies may not be as fortunate.
Intel Corp.’s revenue may get hit on its decision to exit the 5G smartphone business after the settlement was announced. Yet the stock is soaring to an almost two-decade high in a sign that Wall Street may be overlooking the missed greenbacks. Meanwhile, Skyworks Solutions Inc. and Ceva Inc. tumbled.