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 billions, raising concerns about financing and integration for Marvell. Lumentum's stock rose on the news, reflecting optimism about the growing laser market, but Marvell's stock fell amid worries about the acquisition cost. The transition from copper to optics is expected to take years, with both technologies coexisting during the shift. Investors await official deal terms and regulatory approval to gauge the true impact.
Marvell Technology's shares dropped sharply by 11.39% to USD 222.99 as of Oct 29, 2026 17:53 WIB on Pluang, reflecting investor concerns about the costly acquisition of Lumentum Holdings. Meanwhile, Lumentum's stock rose 5.59% to USD 965.00, with all Pluang order activity on the buy side. The deal highlights the shift from copper to optical interconnects in AI data centers, a transition expected to take years.
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...
Marvell is set to pay its final 2026 dividend of $0.06 per share on October 29 to shareholders who bought before October 9. Despite a recent price drop, Marvell’s stock remains up 161.53% year-to-date, rewarding early 2026 investors with both dividen...
Despite recent stock declines, AI chip makers TSMC, Marvell, and Micron report demand exceeding supply and optimistic growth forecasts for 2027. TSMC aims for $600 per share driven by expanding 2nm chip production and new fab capacity. Marvell target...
