InterDigital: Growing Fast By Monetizing AI For Video
IDCCInterDigital(IDCC) Seeking Alpha·2024-08-09 23:52
Ake Puttisarn/iStock via Getty Images InterDigital Inc. (NASDAQ:IDCC) is a midcap stock whose most recent upside coincided with the weakness suffered by the Invesco QQQ Trust ETF (QQQ) as shown in the chart below. While it is true that the company’s upbeat financial results for the second quarter of 2024 (FQ2) released on August 1 did help, the fact that it was not impacted by the general volatility engulfing tech names suggests strength. Comparing recent performance with the tech-heavy QQQ (seekingalph ...