Marvell is nearing the acquisition of Lumentum, causing its shares to fall nearly 10% due to worries about the high valuation, as Lumentum is over a third the size of Marvell. Despite the drop, the deal could strengthen Marvell's position in the AI and data center markets by expanding its photonics capabilities. Marvell also raised its revenue forecast for 2028, expecting strong growth in data centers. However, investors remain cautious due to potential instability in AI demand and broader economic challenges.
Marvell Technology Inc (MRVL) shares dropped 11.00% to USD 223.97 as of Oct 29, 2026 17:21 WIB on Pluang, reflecting strong selling pressure with 55% of orders to sell. Meanwhile, Lumentum (LITE) shares rose 5.69% to USD 965.94, with all Pluang orders to buy. This trading activity highlights investor caution around the acquisition deal discussed in the news.
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 Coh...
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...
