Marvell Technology is reportedly in advanced talks to acquire Lumentum Holdings, an $83 billion AI laser and optical components maker critical for data center AI infrastructure. The deal would combine Marvell's custom silicon and photonics with Lumentum's lasers, potentially strengthening their position in AI data center technology. However, Marvell's stock dropped 8.44% after hours due to concerns about deal financing, premium costs, and integration challenges, while Lumentum's shares surged 8.64% reflecting a takeover premium. The acquisition could face regulatory scrutiny given NVIDIA's $2 billion stake in Lumentum, and the deal's terms remain unconfirmed. Investors await official announcements and filings to assess the impact on both companies' futures.
As of Oct 29, 2026 20:01 WIB, Marvell Technology trades at USD 223.61, down 11.14% for the day, closer to its 52-week low of USD 73.73 than its high of USD 316.43. Lumentum shares are up 6.35% at USD 972.00, well below their 52-week high of USD 1.13K but far above the low of USD 188.36, reflecting strong buying interest on Pluang. Nvidia, with a market cap of $5.20 trillion, shows a modest 0.36% decline at USD 214.60, contrasting with the more volatile moves in Marvell and Lumentum amid takeover talks.
Marvell is reportedly close to acquiring optical component maker Lumentum, a move that has caused Marvell's shares to drop 13% while Lumentum's rose 6%. The deal aims to secure scarce optical components critical for AI data centers, with Lumentum's p...
Marvell Technology is reportedly close to acquiring Lumentum Holdings to strengthen its position in AI data center technology by shifting from copper to optical interconnects using lasers. The deal, not yet signed or announced, could be worth tens of...
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 a...
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...
