I don’t think Nvidia has any values to QCOM. A better outcome would be a merger between Nvidia with Marvel, Sequans, or Altair, meaning consolidation between smaller outfits for their mutual survivals before becoming irrelevant.
Nvidia is more likely to be bought by Google or Microsoft then try a merger with a company like Marvel or some other 'smaller' outfit. And it's not likely that Nvidia will accept an offer with it's outlook. Nvidia doesn't NEED to worry about it's survival, they are in as good position as they ever have been. The next couple of quarters will make that even more apparent.