Qualcomm's stock falls after report says company faces US anti-trust case

Chipmaker Qualcomm’s stock dropped about 3% on Tuesday after a Bloomberg report came out saying the company could face an anti-trust case in the US for its licensing practices.

Qualcomm’s chips appear in just about every major mobile device in the world.

Here’s the drop in Qualcomm’s stock Tuesday as soon as the anti-trust report came out:

NOW WATCH: Wendy’s is roasting people on Twitter, and it’s hilarious

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.