Qualcomm Renews Patent License Agreement With Apple Amid Market Volatility

Apple (AAPL) stock has been trending upwards in recent days. In news released on September 24, Qualcomm announced that it would be renewing its global patent license agreement with Apple, effective April 1, 2027. The terms and duration of the pact were not disclosed.

The deal between Qualcomm and Apple was met with a mixed reaction from investors, causing the stock to drop despite the renewal of the partnership.

Other news affecting Apple's stock price includes the launch of its Business platform integration with Block's (XYZ) Square unit, allowing eligible sellers to manage location information across Apple Maps and Siri AI. Additionally, Advanced Micro Devices (NASDAQ:AMD) stock fell more than 2% in premarket trading on Thursday as investors took profits following a sharp rally.