Marvell is negotiating to acquire Lumentum, a key optical component maker with capacity sold out through 2029, highlighting a shortage in advanced optical manufacturing critical for AI data centers. This deal could increase the strategic value of Coherent, an independent optical tech supplier backed by Nvidia's $2 billion investment, as demand for photonics outpaces supply. Coherent stands to benefit from its established manufacturing capabilities and Nvidia partnerships, potentially gaining more customers seeking alternatives to vertically integrated suppliers. The outcome could reshape AI networking supply chains, but the acquisition remains uncertain and Coherent faces competition and capacity expansion risks.
As of Oct 29, 2026 07:02 WIB, Lumentum (LITE) is sharply up 14.65% to USD 993.08, nearing its 52-week high of $1.13K, reflecting strong buying interest on Pluang with 100% buy orders. In contrast, Marvell (MRVL) trades down 5.02% at USD 231.34, well below its 52-week high of $316.43, with a balanced sell/buy split of 55%/45%. Coherent (COHR) shows a moderate gain of 3.91% at USD 245.01, far from its 52-week high of $426.89, supported by 81% buy orders. These price moves highlight differing investor sentiment toward these key players in optical tech amid acquisition talks.
Shares of Lumentum Holdings increased in after-hours trading following reports that Marvell Technology is close to acquiring the optical-networking company. While no final agreement has been reached, Bloomberg sources suggest an official announcement...
Marvell is set to pay its final 2026 dividend of $0.06 per share on October 29 to shareholders who bought before October 9. Despite a recent price drop, Marvell’s stock remains up 161.53% year-to-date, rewarding early 2026 investors with both dividen...
Despite recent stock declines, AI chip makers TSMC, Marvell, and Micron report demand exceeding supply and optimistic growth forecasts for 2027. TSMC aims for $600 per share driven by expanding 2nm chip production and new fab capacity. Marvell target...
