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InterDigital Rises On Major Amazon Patent License For Streaming Tech

Benzinga·
InterDigital Rises On Major Amazon Patent License For Streaming Tech

InterDigital (IDCC) shares surged 11.30% following a new patent license agreement with Amazon covering streaming services and devices including Prime Video. The deal resolves pending litigation and marks a significant milestone in InterDigital's strategy to expand video streaming technology licensing. Despite mixed technical indicators showing the stock remains below its 50-day and 100-day moving averages, improving MACD momentum suggests easing downside pressure.

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