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Qualcomm is a leading chip designer that helped develop the wireless technology used in modern cell networks. Its chips power many of the world's smartphones. This contract tracks the price of Qualcomm stock (QCOM). Phones are its largest business, so global smartphone sales are a key factor. It also makes chips for cars and laptops, and earns fees from companies that use its wireless technology.
What to watch: Quarterly earnings, smartphone sales data, and agreements with major phone makers.