Broadcom Inc. (NASDAQ:AVGO) recently announced significant updates to its VMware Cloud Foundation (VCF), aimed at improving digital innovation with faster infrastructure modernization, improved developer productivity, and better cybersecurity at low cost. total cost of ownership.
VCF’s latest advancements meet customer needs by integrating enterprise-class computing, networking, storage, management and security across diverse environments.
The new VCF Import feature enables seamless integration of existing vSphere and vSAN environments into VCF, thereby optimizing resources without the need for a complete rebuild.
This will significantly improve efficiency, reduce costs and accelerate time to value.
Analysts flagged Broadcom problem position as the world’s second largest supplier of AI semiconductors, behind only Nvidia Corp. (NASDAQ:NVDA).
They noted that the company’s dominant market share of approximately 55-60% in the custom chip design (ASIC) market is expected to grow at a compound annual growth rate (CAGR) of more than 20%. %, representing a $20 to $30 billion opportunity.
Analysts predict that Broadcom will generate between $11 billion and $12 billion in AI-related revenue in 2024, with further growth to $14 billion to $15 billion in 2025.
This optimism is fueled by growing interest from large technology companies in custom ASIC solutions for AI computing needs.
Price action: AVGO shares were up 0.30% at $1,596.78 at last check Tuesday.
Disclaimer: This content was partially produced using AI tools and was reviewed and published by Benzinga editors.
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