FAST FIVE: Qualcomm Shares Crash After Losing Landmark Anti-Trust Case

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Just weeks after Qualcomm secured a clear victory in its long-running legal battle with Apple, sending the chipmaker's shares rocketing higher, a federal judge in San Jose ruled against the company in a high-profile anti-trust lawsuit that could seriously disrupt Qualcomm's business model.

The decision sent Qualcomm shares plunging as much as 11% in premarket trade, erasing half of its gains from the Apple settlement.

Koh challenged the company's practice of collecting chip royalties based on a smartphone's price.

President Trump's decision to add Huawei to a US 'blacklist' hammered chip stocks earlier in the week.

More bad news was the last thing Qualcomm investors needed.

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