Qualcomm Slips 7% Despite Victory Against EU Anti-trust Lawsuit

Shares of US chipmaker Qualcomm Inc. (QCOM) are down 7 percent on Thursday's trading. The stock is perhaps trending with the US markets, which is in the red on Thursday morning.

The company recently won against a 997 million euros or $1.05 billion fine imposed by EU antitrust regulators four years ago. The European Commission had in 2018 said that Qualcomm paid billions of dollars to Apple Inc. (AAPL) from 2011 to 2016 to use only its chips in all its iPhones and iPads in order to block out rivals like Intel Corp. (INTC)

Currently at $122.06, the stock has traded between $120.20 and $193.58 during the past 52 weeks.

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