Walmart Selects Broadcom (AVGO) as Strategic Vendor for Virtualization

Broadcom Inc. (NASDAQ:AVGO) is one of the top tech stocks to buy now according to Goldman Sachs. On August 26, Walmart selected Broadcom as a “strategic vendor” for virtualization software solutions. The core of this collaboration is the deployment of VMware Cloud Foundation (VCF) to create a modern private cloud and edge environment for Walmart’s operations worldwide.

Broadcom’s VCF will help the giant retailer to unify its globally distributed operations and support its efforts to modernize retail technology. The goal is to enhance the shopping experience for customers, improve operational efficiency, and accelerate the development and delivery of new services. VCF’s implementation is expected to deliver enhanced agility and scalability, reduced operational complexity, simplified workload portability, and improved security and surveillance.

Paul Turner, VP of Products for VMware Cloud Foundation at Broadcom, said, “Being named as a strategic vendor for virtualization by Walmart is a testament to the innovation and value our VMware software can bring to a global, trusted brand.” He added, “VMware Cloud Foundation will provide the consistent and scalable private cloud infrastructure that plays a role in helping Walmart lead the next retail disruption”.

Broadcom’s management believes this collaboration strengthens its position in retail technology transformation, with VCF adopted by 87% of its top 10,000 customers. They also see the collaboration as a validation for the company’s VMware strategy.

Broadcom Inc. (NASDAQ:AVGO) develops semiconductor and infrastructure software solutions used in data centers, networking, broadband, and wireless communications. Its custom chips support AI workloads, and its networking silicon enables high-speed data transfer.

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Disclosure: None. This article is originally published at Insider Monkey.