# Qualcomm Rises 3.97% on Apple Patent Renewal, Snapdragon Adoption

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/24982
Published: 2026-09-28T15:25:42.000Z
Updated: 2026-09-28T15:25:42.000Z
Section: Investing

> Qualcomm closed at $201.97 after two developments involving the chipmaker, while traders prepared for Federal Reserve remarks and manufacturing data Sept. 28.

Qualcomm rose 3.97% to $201.97 Sept. 25 after two developments involving the chipmaker, leading a mixed semiconductor group as investors weighed new product adoption, an Apple patent renewal and interest-rate expectations.

Nine manufacturers adopted a premium version of Qualcomm’s Snapdragon 8 Elite platform that can run a 30 billion-parameter artificial intelligence model on a smartphone. Qualcomm also renewed its patent-licensing agreement with Apple. The financial terms and expiration date were not disclosed.

Qualcomm’s market value increased by about $8.1 billion to $212.1 billion. Trading volume was 1.10 times its average, meaning the price gain was not accompanied by a large expansion in turnover.

The Dow Jones Industrial Average gained 0.93% on Sept. 25, while the S&P 500 rose 0.51% to 7,743.41 and the Nasdaq Composite advanced 0.48% to 27,068.72. The Philadelphia Semiconductor Index gained 1.4%.

Among six large semiconductor companies, Lam Research rose 2.62% and Intel fell 3.45%. Microsoft gained 3.66%, Dell rose 5% and Nvidia added 0.22%. The semiconductor industry’s average performance was a 0.10% decline, while four of the other five companies in the six-stock comparison posted gains.

Patent-licensing revenue accounts for about 15% of Qualcomm’s total revenue, based on its June quarter. Chip sales depend on shipment volume and prices, while licensing fees are based on licensed smartphone selling prices.

Markets are also preparing for Federal Reserve commentary following the central bank’s September policy decision. The latest median projections put the federal funds rate at 4.1% at the end of 2026 and 2027, 3.9% at the end of 2028 and 3.2% over the longer term.

The federal funds target range was raised by a quarter percentage point in September to 3.75%-4%. The projections are not commitments and indicate that the median rate could remain at 4.1% through 2027 before moving lower in 2028.

Barr is scheduled to speak at 10:05 a.m. ET (14:05 UTC) Sept. 28. The Dallas Fed’s manufacturing index is due at 10:30 a.m. ET (14:30 UTC), followed by remarks from Barkin at 1:30 p.m. ET (17:30 UTC) the same day.

The 10-year Treasury yield closed at 5.16% and reached 5.23% during the session, its highest level since 2007. August inflation was 3.4%, core inflation was 2.4% and energy prices rose 16.3% year over year.

In artificial-intelligence infrastructure, CoreWeave posted second-quarter revenue of $2.6 billion, up 112% year over year, with $104.2 billion in orders on hand. Its interest expense was $640 million for the quarter. AMD was 1.3% below its 52-week high, while Oracle was 57.5% below its 52-week high.