Broadcom (AVGO) Enhances VMware Cloud Foundation With AI Services and Data Intelligence Launch

Broadcom Inc. (NASDAQ:AVGO) ranks among the best predictive analytics stocks to buy right now. Broadcom Inc. (NASDAQ:AVGO) announced on August 26 that VMware Private AI Services will be incorporated into VMware Cloud Foundation 9.0 as a standard feature, transforming the platform into an AI-native one. The company announced that 9 of the top 10 Fortune 500 corporations have committed to VCF, with clients worldwide licensing over 100 million cores.

In addition, Broadcom Inc. (NASDAQ:AVGO) announced the launch of VMware Tanzu Data Intelligence, a data lakehouse platform for analytics, applications, and AI development, and revealed VMware Cloud Foundation Advanced Cyber Compliance, a new service intended to improve security for private cloud environments in regulated industries.

Broadcom Inc. (NASDAQ:AVGO) is a multinational semiconductor company specializing in the design, development, and distribution of a wide range of products.

While we acknowledge the potential of AVGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.