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Qualcomm Q2 Earnings: Qualcomm Is Partnering with Hyperscalers. Will This Lead to Higher Valuation?

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$Qualcomm (QCOM.US)$ is moving into the lucrative data centre market, working with a leading Hyperscalers to supply custom silicon. For its fiscal second quarter, profit rose to US$7.37 billion, or US$6.88 per share, from US$2.81 billion, or US$2.52 per share, a year earlier. Revenue grew 3% to US$10.6 billion, slightly above analysts' estimates of US$10.59 billion.
Can Qualcomm's partnership with Hyperscalers lead to a higher valuation?
$Qualcomm (QCOM.US)$ is moving into the lucrative data centre market, working with a leading Hyperscalers to supply custom silicon. For its fiscal second quarter, profit rose to US$7.37 billion, or US$6.88 per share, from US$2.81 billion, or US$2.52 per share, a year earlier. Revenue grew 3% to US$10.6 billion, slightly above analysts' estimates of US$10.59 billion.
Can Qualcomm's partnership with Hyperscalers lead to a higher valuation?
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