Marvell Technology and Western Digital both experienced their worst weekly stock declines since 2001, dropping about 28% despite raising their earnings guidance. The selloff was largely driven by election results and concerns over AI data center policies, which caused a broad selloff in storage-related stocks. Marvell also faces additional risk due to its pending $115 billion acquisition of Lumentum, adding execution uncertainty. Western Digital appears more stable post-selloff with strong revenue guidance, a raised dividend, and net cash, while Marvell's outlook depends on its custom silicon business ramping and the successful completion of its merger. The sector's next test will be the upcoming October CPI data release.
Marvell Technology holds a market cap of $127.05 billion on Pluang, with a notable 1-day gain of 5.73% as of Nov 07, 2026 20:21 WIB, despite its recent weekly plunge. Western Digital's market cap stands at $98.74 billion, trading down 1.44% in the same period, while Seagate Technology shows a market cap of $105.83 billion and a 1-day decline of 1.19%. These figures highlight ongoing volatility in the storage sector following the recent selloff and upcoming economic data releases.
Marvell Technology has been upgraded to a Buy rating with a new fair value of $187.35 standalone and $199.48 including its acquisition of Lumentum. The upgrade follows improved fiscal guidance for 2028 and 2031, along with a significant contract win ...
Marvell Technology's stock dropped over 50% in one month following its all-stock acquisition of Lumentum, causing significant dilution concerns among investors. Despite the steep decline, analysts remain optimistic, with an average price target sugge...
Marvell Technology raised its fiscal 2028 revenue outlook to about $18 billion, signaling strong business momentum, yet its stock dropped over 30% recently due to concerns over dilution from an all-stock acquisition of Lumentum. Despite the selloff, ...
AMD is under pressure not only from Nvidia but also from Intel and Broadcom. Intel reported its strongest data center growth in 15 years, boosting demand for its Xeon server CPUs, directly competing with AMD's EPYC processors. Meanwhile, Broadcom's c...
Marvell Technology's stock fell 11.4% following rumors of a major acquisition deal with Lumentum, despite a strong 162% gain year-to-date. Analysts project that a $1,000 investment in Marvell could grow to about $1,549 by October 2030 under a base-ca...
