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MarketBeat
Leo Miller

Enterprise AI to Boost Broadcom's Software Business? What Industry Data Shows

Broadcom HPE Kyndryl IDC VMware Hock Tan

Broadcom’s (NASDAQ: AVGO) AI semiconductor business continues to be the dominant force behind the firm’s growth and the biggest narrative around the stock. However, chips are not the only area of Broadcom’s business where AI is supporting growth.

According to Broadcom’s CEO Hock Tan, AI adoption is also becoming an emerging growth driver for the company’s software business, anchored by VMware.

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