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PALO ALTO/BENTONVILLE - Broadcom Inc. (NASDAQ:AVGO) and Walmart Inc. (NYSE:WMT), a prominent player in Consumer Staples Distribution & Retail with a market capitalization of $762 billion and a "GOOD" financial health rating according to InvestingPro, announced Tuesday a strategic collaboration to implement a modern private cloud and edge environment across Walmart’s global operations.
Under the agreement, Broadcom has been designated as a strategic vendor for virtualization software solutions. The retail giant will deploy Broadcom’s VMware Cloud Foundation (VCF) to unify its distributed operations infrastructure.
The implementation aims to enhance Walmart’s operational efficiency while supporting the development and delivery of new customer services. According to the announcement, the cloud infrastructure will help Walmart accommodate changing customer needs with improved scalability.
The technology deployment is expected to provide several operational benefits, including a more efficient hardware footprint, streamlined infrastructure operations, and centralized software updates across Walmart’s retail estate.
"VMware Cloud Foundation will provide the consistent and scalable private cloud infrastructure that plays a role in helping Walmart lead the next retail disruption," said Paul Turner, vice president of products, VMware Cloud Foundation Division at Broadcom.
The collaboration also focuses on workload portability and security enhancements. Walmart will utilize automated patching capabilities and immutable snapshots for rapid recovery to minimize disruptions to retail operations.
Walmart, which serves approximately 270 million customers weekly across more than 10,750 stores in 19 countries, reported fiscal year 2025 revenue of $681 billion.
This announcement was made at VMware Explore 2025 in Las Vegas, according to a company press release.
In other recent news, Walmart has introduced a suite of AI-powered tools and seller incentives aimed at boosting growth for third-party sellers on its platform. These tools include AI-driven listing capabilities and a 24/7 Smart Assistant, along with expanded fulfillment options like Next-Day Delivery in major metropolitan areas. Concurrently, Walmart has expanded its automation partnership with Ranpak Holdings Corp., planning to implement Ranpak AutoFill™ systems across five Next Generation Fulfillment Centers in several states.
In terms of stock analysis, KeyBanc has reiterated its Overweight rating for Walmart, maintaining a $110 price target after a discussion with company executives. Similarly, TD Cowen has reiterated a Buy rating with a $115 price target, highlighting strong comparable sales and consistent trends. Despite a recent profit miss attributed to non-core items, RBC Capital has maintained its Outperform rating and a $106 price target, noting potential for operating profit growth in the coming fiscal years. These developments reflect Walmart’s ongoing strategic initiatives and market positioning.
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