10 AI News You Shouldn’t Miss

5. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130

Broadcom Inc. (NASDAQ:AVGO) is an American technology company engaged in the design, development, and supply of semiconductor and infrastructure software solutions. It is one of the leading players designing chips for companies that are building AI data centers.

On November 5, Broadcom Inc. (NASDAQ:AVGO) announced new updates to its VMware Cloud Foundation (VCF), the company’s flagship enterprise-class private cloud platform that helps organizations with their digital transformation efforts. The VCF is not only simple to deploy, but also easy to consume, and comes with lower cost and risk. The company will be revealing an expanded set of VMware Cloud Foundation (VCF) Advanced Services innovations, ecosystem partnerships, and modernization programs at the VMware Explore 2024 event in Barcelona, thereby helping businesses accelerate generative AI application development, cybersecurity initiatives, and sovereign cloud adoption.

“Broadcom is enabling the private cloud everywhere with VMware Cloud Foundation. Through a private cloud platform and portfolio of Advanced Services that are ubiquitous, flexible, and secure, we are unlocking the promise of AI in the enterprise, delivering new levels of organizational resilience, and supporting the privacy and digital sovereignty demands of customers around the world.”

– Krish Prasad, senior vice president and general manager, VCF Division at Broadcom.