Q2 financial report releases two major positive signals, Qualcomm (QCOM.US) surged over 15% after hours.

According to the Wise Finance app, Qualcomm's (QCOM.US) stock price surged more than 15% after hours on Wednesday. Prior to this, the company released two positive signals when announcing its quarterly earnings, including progress in its data center business and the expectation of the Chinese smartphone market bottoming out in the third quarter followed by a rebound in month-on-month growth, boosting investor confidence.