Broadcom Unveils Private AI Cloud Platform Ahead of Q3 Earnings
Two days before its fiscal third-quarter earnings report, Broadcom Inc. (AVGO) announced the launch of VMware Private AI Cloud at VMware Explore 2026 in Las Vegas. The platform allows companies to run AI inference and autonomous agents on private data centers rather than public cloud services. This move highlights a strategic shift toward enterprise-controlled infrastructure for AI workloads. Broadcom emphasized that over half of enterprises are already running or planning to use production AI inference on private clouds, challenging the dominance of hyperscalers in AI infrastructure. The company also introduced AgentMinder, an AI governance tool designed to track and control autonomous agents within corporate systems. This offering leverages VMware’s existing installed base across tens of thousands of enterprises. Broadcom shares closed at $370.34 on August 31, up slightly for the day but still below their June high. The company is set to report Q3 results after market close on September 2 and has also been in talks with lenders about raising up to $80 billion in debt.
Tickers: $AVGO
Topics: AI Broadcom strategy cloud computing enterprise software