Lumentum's shares remain steady as the company reports a 109% revenue increase driven by rising demand for pump lasers used in AI data center interconnects. CEO Hurlston highlighted that just one hyperscaler's new AI network could double global backbone capacity built over the past decade, reflecting massive growth in long-haul optical links. Lumentum expects a fourfold increase in pump laser shipments soon, signaling strong market expansion. Peers like Ciena, Nokia, and Marvell also benefit from this surge, with the entire optical networking sector poised for significant growth despite recent market volatility.
Marvell Technology's stock fell over 5% in the past month, prompting Morgan Stanley analyst Joseph Moore to maintain a 'Hold' rating with a 12-month price target of $246, suggesting limited upside of about 4%. The firm notes Marvell's valuation is mo...
GlobalFoundries and Marvell have expanded their manufacturing agreement to increase production capacity of silicon germanium (SiGe) technology at GlobalFoundries' Vermont facility. This expansion addresses rising demand for faster and more energy-eff...
Marvell Technology's stock dropped over 20% in three months even after reporting a record quarter with 36.55% revenue growth and raising its fiscal 2027 outlook. The selloff reflects concerns about hyperscalers shifting AI spending from merchant sili...
