The deal covers services and devices, including Amazon Prime Video. • InterDigital shares are powering higher. Why is IDCC stock surging?This agreement is a significant step in InterDigital’s long-term strategy to expand into video streaming services licensing, highlighting the importance of its foundational technology in devices and services in the industry.InterDigital Signs Amazon Patent License For Prime VideoThe licensing agreement with Amazon is a pivotal milestone for InterDigital, as it resolves pending litigation and sets the stage for future collaboration in video streaming technologies. This move underscores the company’s commitment to leveraging its innovations in wireless and video technologies to enhance user experiences across various platforms.IDCC Technical Outlook: Momentum Improves After Recent LowsThe broader market is also showing positive momentum today, with major indices like the Dow Jones up by 0.63% and the Nasdaq gaining 1.01%. This overall market strength may be contributing to the bullish sentiment surrounding InterDigital’s stock.InterDigital’s stock is currently priced at $279.33, which is 7.8% above its 20-day simple moving average (SMA) of $260.18. However, it remains 6.9% below its 50-day SMA of $301.18 and 13.3% below its 100-day SMA of $323.43, indicating a mixed technical picture. The MACD is above its signal line, suggesting that downside pressure is easing, which may indicate improving momentum as the stock attempts to recover from recent lows.IDCC Earnings PreviewInterDigital is slated to provide its next financial update on July 30 (estimated).