Broadcom Inc. AVGO shares are trending on Thursday.Check out the current price of AVGO stock here. Pre-Market Movement Shows Continued StrengthThe stock of the Californian company gained 1.31% in after-hours trading to $350.70, adding $4.53 to its Wednesday closing price of $346.17. According to Benzinga Pro data, Broadcom Inc. closed regular trading down 3.84% but recovered in extended hours following news of strategic partnerships and continued AI sector momentum.See Also: Nvidia Rival Groq Raises $750 Mi ...

Broadcom Inc. (NASDAQ:AVGO) has expanded its long-running partnership with Lloyds Banking Group through a multi-year agreement aimed at accelerating the bank's digital transformation strategy. Under the deal, Lloyds will broaden its adoption of Broadcom's infrastructure software, including VMware Cloud Foundation and mainframe solutions, to reinforce the resilience, agility, and scalability of its technology systems. The initiative is designed to deliver faster, more reliable digital services to Lloyds' 2 ...

Core Insights - Lloyds Banking Group and Broadcom Inc. have announced a significant expansion of their partnership through a new multi-year agreement aimed at supporting Lloyds' strategic transformation [1][2] - The partnership will enhance Lloyds' technology infrastructure by utilizing Broadcom's software portfolio, including VMware Cloud Foundation, to improve resilience, agility, and scalability [2][3] Group 1: Partnership Details - The new agreement will deepen Lloyds' use of Broadcom's infrastructure software, enabling faster and more reliable digital services for 28 million customers across the UK [2][3] - Lloyds will deploy VMware Cloud Foundation to support its data center consolidation strategy, providing a consistent operating model across its private cloud environment [3][4] Group 2: Operational Enhancements - The platform will support traditional, modern, and AI-driven applications with unified operations, governance, and controls [4] - Broadcom's mainframe solutions will support Lloyds' mission-critical workloads, offering advanced automation and seamless integration into hybrid environments [5] Group 3: Company Backgrounds - Broadcom Inc. is a global technology leader providing a wide range of semiconductor and enterprise software solutions, serving critical markets including cloud and data center [6] - Lloyds Banking Group is the largest UK retail and commercial financial services provider, supporting over 28 million customers and nearly one million UK businesses [7][8]

New Long-Term Agreement Will Transform Lloyds Banking Group's Infrastructure with New Private Cloud Environment and Mainframe Solutions for Digital BankingLONDON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- VMware Explore on Tour – Lloyds Banking Group and Broadcom Inc. (NASDAQ: AVGO) today announced a significant expansion of their long-standing partnership, underpinned by a new multi-year agreement that will support the delivery of the Group’s ambitious strategic transformation. In the next phase of the partnershi ...