Broadcom (NASDAQ: AVGO) shares have returned 43% year to date, outperforming the Zacks Electronics - Semiconductors industry's growth of 26.2% in the same time period. The outperformance reflects investors' confidence in the AVGO stock, considering the company's sustained focus on enhancing cloud offerings, which is helping it win new clients.
Recently, Broadcom launched a new private cloud offering in collaboration with Hitachi Vantara. The co-engineered solution has been developed by integrating Vantara's Unified Compute Platform RS and Broadcom's VMware Cloud Foundation.
This new private cloud offering is expected to be adopted by organizations that want to minimize the costs of owning a native cloud ecosystem. Companies that want to reduce the complex operations in hybrid and multi-cloud are also likely to adopt the solution.
By outsourcing the cloud requirements, organizations will be able to leverage Broadcom-owned VMware's proven cloud infrastructure and scale per their requirement without the hassles of owning their own cloud infrastructure.
The solution will also enable organizations with leading automation offerings and software-defined services. Alongside all these features, the offering also delivers flexibility in deployment, simplification in management ...
