Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Sristi Suman Jayaswal

This AI Software Stock is Moving In on Broadcom's Territory

In the artificial intelligence (AI) software world, hyper-converged infrastructure (HCI) seamlessly integrates computing, storage, and networking. This market, crucial as businesses navigate complex hybrid and multi-cloud environments, is poised to expand at a 23.5% CAGR to $49.8 billion by 2030.

San Jose-based Nutanix, Inc. (NTNX) leads the charge, offering cutting-edge HCI solutions that help companies streamline cloud management. Nutanix is a much smaller player than AI chip giant Broadcom (AVGO) - but it moved swiftly to capitalize on customer shifts around Broadcom’s VMware acquisition, snagging market share as its superior HCI, hypervisor, and cloud storage solutions make it a strong contender against VMware. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.