Broadcom and ING extend partnership to enhance ING's private cloud infrastructure using VMware Cloud Foundation 9.0 for improved digital services.
Quiver AI Summary
Broadcom Inc. and ING have announced an extension of their collaboration to enhance ING's private cloud infrastructure by adopting VMware Cloud Foundation 9.0. This updated platform will enable ING to achieve digital service excellence through a scalable, secure, and compliant cloud-native environment necessary for a multinational financial institution. By building upon their existing systems, ING aims to ensure operational consistency, enhance workload mobility, and meet stringent regulatory requirements in the financial sector. The partnership will leverage the full capabilities of VCF 9 to streamline IT operations and accelerate the rollout of new digital banking services. Broadcom's CEO highlighted the transformative impact of VCF 9 for financial institutions, emphasizing its role in supporting ING's modernization efforts in the digital banking space.
Potential Positives
- The extension of the strategic collaboration with ING highlights Broadcom's role in enhancing digital banking operations, signifying a strong partnership in a vital industry.
- Broadcom's VMware Cloud Foundation 9.0 adoption supports ING's pursuit of digital service excellence, showcasing the effectiveness and relevance of Broadcom's solutions in modern cloud infrastructure.
- The implementation ensures compliance with stringent security and data sovereignty regulations, reinforcing Broadcom’s commitment to secure enterprise solutions in financial services.
Potential Negatives
- Potential over-reliance on VMware Cloud Foundation 9.0 could expose Broadcom to risks associated with a single vendor's solutions and potential performance issues.
- ING's focus on compliance and security emphasizes the high stakes involved in this collaboration, putting pressure on Broadcom to meet stringent regulatory expectations.
- The announcement may indicate a competitive pressure in the financial services sector, highlighting Broadcom's need to prove its value in a rapidly changing market.
FAQ
What is the focus of the partnership between Broadcom and ING?
The partnership aims to update ING’s private cloud infrastructure using VMware Cloud Foundation 9.0 for improved digital service excellence.
How will VMware Cloud Foundation 9.0 benefit ING?
VCF 9 will provide a scalable, secure environment that supports multi-region deployment and enhances workload mobility for ING.
What are the security implications of this cloud strategy?
The implementation of VCF 9 ensures compliance with global financial services regulations, meeting stringent data sovereignty and security requirements.
What role will Broadcom play in supporting ING's cloud strategy?
Broadcom will provide professional services for the design, implementation, and optimization of ING’s private cloud alongside its IT team.
Why is data locality important for ING?
Maintaining control over data locality is crucial for ING to meet compliance and security needs while accelerating digital innovation.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AVGO Insider Trading Activity
$AVGO insiders have traded $AVGO stock on the open market 96 times in the past 6 months. Of those trades, 3 have been purchases and 93 have been sales.
Here’s a breakdown of recent trading of $AVGO stock by insiders over the last 6 months:
- HENRY SAMUELI has made 0 purchases and 13 sales selling 842,695 shares for an estimated $250,357,760.
- HOCK E TAN (President and CEO) has made 0 purchases and 6 sales selling 445,912 shares for an estimated $134,838,216.
- MARK DAVID BRAZEAL (Chief Legal & Corp Affairs Ofc) has made 0 purchases and 26 sales selling 127,204 shares for an estimated $35,361,686.
- KIRSTEN M. SPEARS (CFO & Chief Accounting Officer) has made 0 purchases and 21 sales selling 104,979 shares for an estimated $28,017,294.
- CHARLIE B KAWWAS (President, Semi Solutions Grp) has made 0 purchases and 20 sales selling 16,397 shares for an estimated $4,785,269.
- JUSTINE PAGE has made 0 purchases and 6 sales selling 4,800 shares for an estimated $1,498,720.
- HARRY L. YOU has made 3 purchases buying 3,550 shares for an estimated $1,227,870 and 0 sales.
- GAYLA J DELLY sold 3,000 shares for an estimated $795,390
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AVGO had revenues of $16B in Q3 2025. This is an increase of 22.03% from the same period in the prior year.
You can track AVGO financials on Quiver Quantitative's AVGO stock page.
$AVGO Congressional Stock Trading
Members of Congress have traded $AVGO stock 25 times in the past 6 months. Of those trades, 18 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $AVGO stock by members of Congress over the last 6 months:
- REPRESENTATIVE LISA C. MCCLAIN has traded it 6 times. They made 3 purchases worth up to $45,000 on 10/30, 06/17, 06/11 and 3 sales worth up to $45,000 on 10/31, 10/30, 06/10.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 10/17.
- REPRESENTATIVE JARED MOSKOWITZ has traded it 3 times. They made 3 purchases worth up to $80,000 on 10/10 and 0 sales.
- REPRESENTATIVE VAL T. HOYLE has traded it 2 times. They made 1 purchase worth up to $15,000 on 06/06 and 1 sale worth up to $50,000 on 09/23.
- REPRESENTATIVE CLEO FIELDS has traded it 6 times. They made 6 purchases worth up to $315,000 on 09/17, 08/15, 08/13, 07/29, 07/18 and 0 sales.
- SENATOR SHELLEY MOORE CAPITO sold up to $15,000 on 07/18.
- REPRESENTATIVE RITCHIE TORRES sold up to $15,000 on 07/11.
- REPRESENTATIVE JAMES COMER sold up to $15,000 on 07/03.
- REPRESENTATIVE JOSH GOTTHEIMER purchased up to $15,000 on 06/25.
- REPRESENTATIVE NANCY PELOSI purchased up to $5,000,000 on 06/20.
- REPRESENTATIVE ROBERT BRESNAHAN purchased up to $15,000 on 06/11.
- SENATOR JOHN BOOZMAN purchased up to $15,000 on 06/11.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$AVGO Hedge Fund Activity
We have seen 2,092 institutional investors add shares of $AVGO stock to their portfolio, and 1,941 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 31,423,170 shares (+78.8%) to their portfolio in Q3 2025, for an estimated $10,366,818,014
- CAPITAL WORLD INVESTORS removed 12,713,939 shares (-8.6%) from their portfolio in Q3 2025, for an estimated $4,194,455,615
- WELLINGTON MANAGEMENT GROUP LLP removed 10,906,362 shares (-19.0%) from their portfolio in Q3 2025, for an estimated $3,598,117,887
- NORGES BANK removed 5,462,267 shares (-7.5%) from their portfolio in Q2 2025, for an estimated $1,505,673,898
- BNP PARIBAS FINANCIAL MARKETS removed 5,416,301 shares (-47.9%) from their portfolio in Q3 2025, for an estimated $1,786,891,862
- BANK OF AMERICA CORP /DE/ removed 5,123,905 shares (-7.6%) from their portfolio in Q3 2025, for an estimated $1,690,427,498
- PRICE T ROWE ASSOCIATES INC /MD/ added 4,904,436 shares (+6.3%) to their portfolio in Q3 2025, for an estimated $1,618,022,480
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$AVGO Analyst Ratings
Wall Street analysts have issued reports on $AVGO in the last several months. We have seen 18 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- UBS issued a "Buy" rating on 12/01/2025
- Morgan Stanley issued a "Overweight" rating on 12/01/2025
- B of A Securities issued a "Buy" rating on 12/01/2025
- Goldman Sachs issued a "Buy" rating on 11/26/2025
- Mizuho issued a "Outperform" rating on 10/21/2025
- Barclays issued a "Overweight" rating on 10/14/2025
- Citigroup issued a "Buy" rating on 10/14/2025
To track analyst ratings and price targets for $AVGO, check out Quiver Quantitative's $AVGO forecast page.
$AVGO Price Targets
Multiple analysts have issued price targets for $AVGO recently. We have seen 22 analysts offer price targets for $AVGO in the last 6 months, with a median target of $400.0.
Here are some recent targets:
- Vivek Arya from B of A Securities set a target price of $460.0 on 12/01/2025
- Joseph Moore from Morgan Stanley set a target price of $443.0 on 12/01/2025
- Timothy Arcuri from UBS set a target price of $472.0 on 12/01/2025
- James Schneider from Goldman Sachs set a target price of $435.0 on 11/26/2025
- Vijay Rakesh from Mizuho set a target price of $435.0 on 10/21/2025
- Tom O'Malley from Barclays set a target price of $450.0 on 10/14/2025
- Christopher Danely from Citigroup set a target price of $415.0 on 10/14/2025
Full Release
PALO ALTO, Calif., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO) and ING today announced the extension of the companies’ strategic collaboration to update ING’s private cloud infrastructure. This initiative will see ING adopt VMware Cloud Foundation 9.0 (VCF 9) as part of its private cloud strategy, supporting the company’s objective of digital service excellence across multiple regions.
As a multinational financial institution, ING requires a scalable, highly secure, and compliant cloud-native environment. The implementation of VCF 9 will expand upon ING’s existing VMware virtualized environment, enabling the company to build on a modern private cloud designed for multi-region deployment and global workload mobility. VCF will help ensure operational consistency while helping meet the stringent security and data sovereignty requirements of global financial services regulation.
ING will leverage the full-stack capabilities of VCF 9. Together, the VMware software portfolio will deliver a unified platform to help ING simplify its IT operations, reduce management overhead, and accelerate time-to-market for new digital banking products, with enhanced agility, security, and resilience. Professional services will support private cloud design, implementation, and ongoing optimization efforts alongside ING’s global IT team.
“As we continue to accelerate the pace of digital innovation across our global operations in an uncertain world, maintaining control over data locality and security is paramount,” said Daniele Tonella, Chief Technology Officer, ING. “VMware Cloud Foundation 9 will provide us with the unified, enterprise-grade private cloud platform necessary to achieve multi-region consistency, enhance workload mobility, and confidently meet the complex cloud sovereignty and compliance requirements that underpin our commitment to our customers.”
"Our expanded partnership with ING underscores VCF 9's transformative power for financial institutions,” said Hock Tan, President and CEO of Broadcom Inc . “VMware Cloud Foundation 9.0 offers a resilient, AI-ready foundation for modern private clouds, delivering cloud-like agility and efficiency. We are committed to supporting ING's modernization efforts to strengthen their global digital banking leadership."
About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software, and security solutions. Broadcom's category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to
www.broadcom.com
.
Broadcom, the pulse logo, and Connecting Everything are among the trademarks of Broadcom. The term "Broadcom" refers to Broadcom Inc., and/or its subsidiaries. Other trademarks are the property of their respective owners.
Media Contacts
Roger T. Fortier
Broadcom, Inc.
[email protected]
+1.408.348.1569
Eloy Ontiveros
Broadcom Global Communications
[email protected]
+1.650.427.6145
