Top 10 AI Stocks That Will Skyrocket

8. Broadcom Inc. (NASDAQ:AVGO)

Broadcom Inc. (NASDAQ:AVGO) is one of the top 10 AI stocks that will skyrocket.

On June 24, Broadcom Inc. (NASDAQ:AVGO) extended its strategic collaboration with Nationwide Building Society (LSE:NBS.L) to facilitate the continued technology transformation and the evolution of Nationwide’s hybrid cloud approach. Key to this phase is the implementation of VMware Cloud Foundation (VCF), which is used as the base layer for a fully embedded enterprise-grade private cloud system.

This collaboration provides Nationwide with support for integration and coordination across the organization following the company’s acquisition of Virgin Money. It also increases Nationwide’s ability to provide safer and more reliable digital services at scale. VCF is a unified private cloud system with embedded computing, networking, management, storage, and security solutions, along with intelligent operations and automation.

For Nationwide, this provides a standardized base for running cloud native, conventional, and ultimately AI-based applications, while maintaining the requirements of governance, performance, and compliance of a big banking provider in the UK. The expansion shows the commitment of Nationwide towards developing an advanced and private cloud that balances agility and operational control.

As Nationwide continues to upgrade its estate of technology, VCF will function as the key layer of infrastructure underpinning integration, continuity of service, and long-term operational efficiency within the organization.

Broadcom Inc. (NASDAQ:AVGO) is a technology company and a global supplier of semiconductor devices and infrastructure software services. The company delivers networking connectivity, wireless device connectivity, and servers and storage solutions. It also has an extensive suite of private cloud offerings such as VMware Cloud Foundation, Edge, telco cloud platform, private AI, and more.