Apple's Patent License Renewal With Qualcomm: Analysts Split on QCOM

Qualcomm's (QCOM) stock has seen varied analyst opinions following Apple's (AAPL) renewal of its patent license agreement with the chipmaker. According to a press statement, the global patent license agreement will be renewed on April 1, 2027.

Baird analyst Tristan Gerra maintained his Buy rating on Qualcomm shares, citing that Apple's renewal shows the company's wireless technology intellectual property remains critical to smartphones.

Gerra believes the deal will give Qualcomm leverage once AI-powered software agents start running directly on devices (edge computing).

However, other analysts have a more neutral view of the agreement. Wolfe Research has a Hold rating on Qualcomm shares and pointed out that the terms of the renewal were not disclosed.