
Hyperscalers’ AI Chip Bets Drive Broadcom Bullet Train To $1 Trillion Valuation
Published on December 16, 2024
Hock Tan said he has cut VMware’s expenses in half since taking over the company a year ago, dropping quarterly operating costs from $2.4 billion to $1.2 billion in that frame, and boosting its margins from 30 percent to 70 percent.
