Technology and semiconductor stocks failed to rebound following a selloff on Friday, with the market losing momentum as the day progressed. Meanwhile, crude oil prices declined amid optimism about potential peace talks involving Iran. Shares of companies like Marvell and Lumentum also fell, reflecting ongoing investor caution in the tech sector. The market's reaction highlights continued uncertainty and selective investor confidence in technology and energy sectors.
Following the market's loss of momentum described in the news, technology stocks like Marvell and Lumentum are experiencing notable declines on Pluang as of Nov 03, 2026 11:51 WIB. Marvell trades at USD 173.47 with a 1-day change of -11.68%, while Lumentum is down 18.54% at USD 684.81. Investor activity on Pluang shows a majority selling trend for these stocks, with 52% selling Marvell and 70% selling Lumentum, reflecting ongoing caution in the tech sector.
Marvell Technology announced an all-stock deal to acquire Lumentum Holdings valued at $11.5 billion, offering a 23.9% premium on Lumentum's share price as of October 28. Despite the premium, some Lumentum shareholders criticized the offer, calling it...
In October, major Big Tech companies including Alphabet, Meta, Marvell Technology, and Intel saw significant stock declines, with Intel dropping 44.6%. The selloff is driven by concerns over AI-related borrowing, spending, and the uncertain returns o...
Apple and Palantir's upcoming earnings reports are crucial for setting the tone in the tech sector, with Apple's leadership change and holiday sales outlook in focus. Marvell's acquisition of Lumentum aims to boost its optical networking and AI capab...
Marvell Technology's custom silicon business is rapidly expanding among major hyperscalers, driving strong revenue growth and prompting management to raise future targets. The stock has gained over 193% year-to-date but recently pulled back, trading ...
Ademi LLP is investigating whether Marvell's proposed acquisition of Lumentum, valued at about $115 billion or $1,132 per share, offers fair value to Lumentum shareholders. The law firm is examining the purchase price, benefits to company insiders, r...
