Latest news with #VMware
Yahoo
2 days ago
- Business
- Yahoo
Well-Known Investor Is Bullish on Broadcom (AVGO) Stock
Joe Terranova, who frequently appears on CNBC, confirmed on the network recently that he has a Buy rating on Broadcom (AVGO) stock. Terranova is a Senior Managing Director and the Chief Market Strategist for Virtus Investment Partners. A technician working at a magnified microscope, developing a new integrated circuit. Why Terranova Is Bullish on AVGO AVGO's acquisition of VMware has turned out to be "an excellent" move after there was "maybe some skepticism" on the Street about it, Terranova said. Further, the investor believes that AVGO "might surprise (its) shareholders by accelerating (its share) buyback program," he stated. Some on the Street believe that AVGO will refrain from making the latter move because it wants to preserve its capital for acquisitions, Terranova explained. Finally, the investor is bullish on the tech giant's processors and its networks. The Recent Price Action of AVGO Stock In the last month, the shares have jumped 24%, while they have climbed 12.5% in the last three months. While we acknowledge the potential of AVGO as an investment, 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. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Techday NZ
3 days ago
- Business
- Techday NZ
Mirantis k0rdent unifies AI, VM & container workloads at scale
Mirantis has released updates to its k0rdent platform, introducing unified management capabilities for both containerised and virtual machine (VM) workloads aimed at supporting high-performance AI pipelines, modern microservices, and legacy applications. The new k0rdent Enterprise and k0rdent Virtualization offerings utilise a Kubernetes-native model to unify the management of AI, containerised, and VM-based workloads. By providing a single control plane, Mirantis aims to simplify operational complexity and reduce the need for multiple siloed tools when handling diverse workload requirements. k0rdent's unified infrastructure management allows organisations to manage AI services, containers, and VM workloads seamlessly within one environment. The platform leverages Kubernetes orchestration to automate the provisioning, scaling, and recovery of both containers and VMs, helping deliver consistent performance at scale. The platform also offers improved resource utilisation by automating the scheduling of computing and storage resources for various workloads through dynamic allocation. According to the company, this optimisation contributes to more efficient operations and cost control across modern and traditional application environments. Organisations can benefit from faster deployment cycles as k0rdent provides declarative infrastructure and self-service templates for containers and VMs. These features are designed to reduce delays typically associated with provisioning and deployment, allowing teams to accelerate time-to-value for projects. Enhanced portability and flexibility form a key part of the platform's approach. Workloads, including AI applications and microservices, can run alongside traditional VM-based applications on public cloud, private data centres, or hybrid infrastructure, without requiring refactoring. This capability aims to support a wide range of operational strategies and application modernisation efforts. Shaun O'Meara, Chief Technology Officer at Mirantis, stated, "Organisations are navigating a complex mix of legacy systems and emerging AI demands. k0rdent Enterprise and k0rdent Virtualization are delivering a seamless path to unified, Kubernetes-native AI infrastructure, enabling faster deployment, easier compliance, and reduced risk across any public, private, hybrid, or edge environment." With the new updates, platform engineers can define, deploy, and operate Kubernetes-based infrastructure using declarative automation, GitOps workflows, and validated templates from the Mirantis ecosystem. The solution is built on k0s, an open source CNCF Sandbox Kubernetes distribution, which Mirantis says enables streamlined infrastructure management and supports digital transformation initiatives across enterprises. k0rdent Virtualization, which operates on Mirantis k0rdent Enterprise, is positioned as an alternative to VMware tools such as vSphere, ESXi, and vRealize. This is intended to facilitate enterprises seeking to modernise application portfolios or expand edge computing infrastructure, including the integration of AI and cloud-native workloads, while retaining support for legacy infrastructure. The platform supports distributed workloads running across a variety of environments. It enables platform engineering teams to manage Kubernetes clusters at scale, build tailored internal developer platforms, and maintain compliance and operational consistency. k0rdent offers composable features through declarative automation, centralised policy enforcement, and deployment templates that can be used with Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), vSphere, and OpenStack. Mirantis provides k0rdent Enterprise and k0rdent Virtualization directly and via channel partners to meet the needs of organisations managing distributed and AI-driven workloads.
Yahoo
3 days ago
- Business
- Yahoo
Susquehanna Raises Broadcom (AVGO) Price Target, Keeps Buy Rating
On May 29, Susquehanna raised the price target on Broadcom Inc. (NASDAQ:AVGO) from $250 to $280, keeping its Buy rating on the stock. Christopher Rolland from Susquehanna increased the price target on AVGO after reviewing the company's custom silicon AI chips prospects, fueled by the growing AI infrastructure market. Rolland sees the continuation of AI networking momentum and solid core semiconductor business to be key for Broadcom. A technician working at a magnified microscope, developing a new integrated circuit. The analyst expects Broadcom to deliver earnings in line with or slightly better than expectations, driven by ongoing AI momentum and further optimization of its VMware portfolio. Wall Street expects the company to post Q2 2025 earnings to grow by 43% year-over-year to $1.57 per share, while revenue is estimated to rise about 16% to $14.65 billion. The company is scheduled to report its quarterly results on June 5, 2025. The demand environment remains strong, especially fueled by hyperscalers such as Meta increasing their AI investments. Rolland mentioned that this bodes well for Broadcom's networking and custom silicon segments. Moreover, Broadcom's competitive positioning in DSPs and PCIe retimers, along with its robust ASIC momentum, supports a positive outlook. The analyst believes that the transition of VMware customers to subscriptions will provide a sustained boost, supported by Broadcom's integration strategy. Broadcom Inc. (NASDAQ:AVGO) is a global technology firm that designs and manufactures various semiconductors, enterprise software, and security solutions. The company has two segments including semiconductor solutions and infrastructure software. 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. Read Next: and . Disclosure. None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Melius Research Lifts Broadcom (AVGO) PT, Keeps Buy Rating
On May 28, Melius Research raised its price target on Broadcom Inc. (NASDAQ:AVGO) from $198 to $238, while keeping its Buy rating on the stock. The stock has surged more than 70% in the past year, however, the firm still sees accelerating sales for the company. A technician working at a magnified microscope, developing a new integrated circuit. Broadcom Inc. (NASDAQ:AVGO) is expected to benefit from its VMware acquisition and is on track to continue growing its sales of AI Chips, Melius Research analysts said in a research note. The stock has risen 69.51% in a year, the analyst noted that Broadcom Inc. (NASDAQ:AVGO) has materialized better than expected. The company acquired the VMware business back in 2023. VMware is a market leader in cloud computing. Melius' team said they see the acquisition benefitting Broadcom in accelerating its sales of AI chips, particularly custom AI accelerators and networking chips. The analysts expect a CAGR of 43% for AI chips through 2027. There is more left in the tank of Broadcom Inc. (NASDAQ:AVGO) as AI customers' success is picking up and the execution remains strong, said Melius Research analysts. The company grew its revenue by 24.71% year-over-year in Q1 2025, with a sharp 315.32% improvement in net income. While we acknowledge the potential of AVGO as an investment, 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 the . READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Globe and Mail
4 days ago
- Business
- Globe and Mail
Broadcom's Private Cloud Outlook 2025 Report Reveals Definitive Cloud Reset
Private cloud now rated as a strategic equal to public cloud, driven by cost predictability, GenAI requirements, and trust in delivering on security and compliance needs 53% surveyed say private cloud is their top priority for deploying new workloads over the next three years 84% use private cloud for both traditional enterprise apps and modern, cloud-native workloads PALO ALTO, Calif., May 29, 2025 (GLOBE NEWSWIRE) -- Private clouds are no longer playing catch-up, and public clouds are no longer the default as organizations recalibrate their cloud strategies. This 'cloud reset' was the key takeaway from the Private Cloud Outlook 2025 report, an in-depth global survey of 1,800 senior IT leaders conducted by Illuminas, in partnership with Broadcom Inc. (NASDAQ: AVGO). More than half (53%) of survey respondents say private cloud is their top priority for deploying new workloads over the next three years, while 69% are considering workload repatriation from public to private cloud, with one-third having already done so. Private cloud is also now a strategic equal for AI and cloud-native apps, with 66% preferring to run container and Kubernetes-based applications on private cloud or a mix of public and private, while 55% prefer private cloud for AI model training, tuning and inference. 'This report makes it clear: private cloud is a strategic platform for IT modernization,' said Prashanth Shenoy, vice president of product marketing, VMware Cloud Foundation Division (VCF) at Broadcom. 'Customers are intentionally architecting for flexibility, placing workloads in environments that offer the best balance of performance, control, and cost efficiency. The cloud reset presents an opportunity to create a more effective, secure and cost-efficient IT environment. Organizations that strategically adopt a modern private cloud can better support secure GenAI innovation, improve fiscal visibility, and accelerate workload repatriation.' Security, GenAI, and Cost Predictability Accelerate the Shift to Private Cloud As IT leaders modernize their infrastructure, they are increasingly turning to private cloud to meet a range of critical needs, from securing sensitive data to managing unpredictable GenAI workloads to improving financial visibility. Security and compliance 92% trust private cloud for security and compliance needs. 66% are "very" or "extremely" concerned about public cloud compliance, and security is cited as the leading driver for workload repatriation from public cloud. Generative AI requirements Data privacy and security concerns (49%) top the list of GenAI adoption challenges. Organizations are choosing private cloud environments for AI workloads at nearly the same rate as public cloud (55% vs. 56%). Cost predictability and reduction 90% value private cloud's financial visibility and predictability. 94% report at least some level of waste on public cloud spend. 49% believe more than 25% of their public cloud spend is wasted, creating significant optimization opportunities. Accelerating the Private Cloud Momentum Real-world public cloud experiences, the rapid rise of GenAI workloads, and increasing demands for security, compliance, and cost predictability are driving this strategic cloud realignment. To fully capitalize on private cloud advantages, organizations must address two key challenges: overcoming siloed IT teams and a perpetuating skills gap. Respondents identified siloed IT teams present the greatest challenge to private cloud adoption (33%), and 30% cite a lack of in-house skills/expertise as a barrier to private cloud adoption. Organizations that transition from technology silos to platform teams can focus on upskilling staff to permanently close the skills gap and reduce reliance on professional services. The report found that 81% are now structuring their technical organizations around a platform team rather than technology silos. View the full survey and learn about additional report findings here. Survey Methodology and Definitions The Private Cloud Outlook 2025 is based on a global survey conducted by market research firm Illuminas on behalf of Broadcom. The survey was fielded from March 6 to April 4, 2025, and included 1,800 senior IT decision-makers across small, medium-sized, and large enterprises in North America, Europe, and Asia Pacific. Respondents represented sectors such as financial services, government, healthcare, insurance, and pharmaceuticals. The study presented the following descriptions of cloud for reference to participants, aligned with Broadcom's definitions as well as with NIST standards: Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction. Private cloud is a dedicated cloud infrastructure provisioned for the exclusive use of a single organization. This infrastructure may be managed by the organization itself or by a third party and can be located on-premises or at a co-location facility. Public cloud is shared cloud infrastructure run by a third-party service provider. It is accessible to anyone, including the general public, and, for the purposes of this survey, does not include SaaS such as Microsoft 365, Workday, or ServiceNow. About Broadcom Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Broadcom's category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to Broadcom, the pulse logo, and Connecting Everything are among the trademarks of Broadcom. The term "Broadcom" refers to Broadcom Inc., and/or its subsidiaries. Other trademarks are the property of their respective owners. Media Contact:
