Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.

News Summary: The finance world is buzzing with activity as $QCOM sees a rise in stock price and $MSFT advises booking profits at peak. However, concerns arise as PMI falls under 50, signaling a possible recession. China's interest in owning chip technology raises security concerns, impacting companies like $NVDA, $ARM, and $QCOM. The AI frenzy continues to drive market movements, with $META burning billions in the metaverse. $GME and $SHAK are also mentioned in the mix of economic realities.