Broadcom Inc recently made significant updates to its VMware Cloud Foundation (VCF) in order to boost digital innovation, enhance infrastructure modernization, increase developer productivity, and improve cybersecurity while maintaining a low total cost of ownership. The latest enhancements in VCF are designed to meet customer needs by integrating various elements such as computing, networking, storage, management, and security across different environments.
A new feature in VCF allows for the seamless integration of existing vSphere and vSAN environments into VCF without the need for a full rebuild. This will help optimize resources, improve efficiency, reduce costs, and accelerate time to value for users. Analysts have identified Broadcom as the second largest supplier of AI semiconductors globally, trailing only Nvidia Corp. Broadcom holds a dominant market share of around 55-60% in the custom chip design (ASIC) market, which is anticipated to grow at a compound annual growth rate (CAGR) of over 20%, potentially reaching a market opportunity of $20-30 billion.
Analysts project that Broadcom could generate between $11-12 billion in AI revenue by 2024, with further growth to $14-15 billion by 2025. This optimistic forecast is driven by the increasing focus of major technology companies on custom ASIC solutions for AI computing requirements. As of the latest check, AVGO shares were trading up 0.30% at $1,596.78.
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