Marvell increased its fiscal year 2027 revenue guidance to about $11.5 billion, a 40% year-over-year growth, with further growth expected in FY28 to $16.5 billion. This optimistic outlook is supported by strong demand in AI infrastructure, particularly from custom silicon products like Trainium and Maia, and optical interconnect technologies. The company is positioned uniquely with dual growth engines in AI hardware, setting it apart from peers. Investors should watch for the Q2 FY27 results in late August as a key milestone, though volatility with 20-25% drawdowns is anticipated along the way.
AI optics stocks including Applied Optoelectronics, Coherent, Lumentum, and Marvell fell between 10% and 15% following concerns about hyperscaler spending after Google's market value dropped by over $500 billion due to higher-than-expected cash burn....
Broadcom's stock fell 5% despite a DA Davidson upgrade tied to Anthropic's anticipated IPO and potential OpenAI listing next year. The semiconductor sector faced broad declines due to concerns over AI infrastructure spending and a weakening PC market...
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 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 Lumen...
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...
