See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
mergers and acquisitionssemiconductorsMarvellLumentum
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/28/2026 | 215.38 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Stock Market Today, Oct. 29: Marvell Falls on Lumentum Acquisition Talks
Marvell Technology (MRVL) shares fell 13.24% to $218.34 on Oct. 29, on trading volume of 40.4 million shares, about 87% above the three-month average of 21.6 million. The decline followed reports that Marvell is in advanced talks to acquire Lumentum Holdings, with investors weighing financing and integration risks. Sources say the deal could be an all-stock transaction and may be announced as early as next week, though no final agreement has been reached. The S&P 500 fell 0.31% to 7,720 and the Nasdaq Composite fell 1.38% to 26,185. At its Oct. 6 investor day, Marvell had raised its fiscal 2028 revenue outlook to $20 billion.
- Marvell shares slide on reported Lumentum deal talks
Marvell Technology (MRVL) shares fell 12% on Thursday after reports it was in advanced talks to acquire optical components maker Lumentum Holdings (LITE), whose shares rose over 4% in early trading. Citing people familiar with the matter, Bloomberg reported a deal could be announced as soon as next week, though no final agreement has been reached and talks could still fail. Lumentum is valued at about $83 billion versus Marvell's $221 billion; backed by Nvidia, Lumentum makes lasers and optical components that move large volumes of data across networks and data centres as AI infrastructure grows. Marvell had about $3.92 billion in cash and equivalents at the end of its latest quarter, so Bernstein analysts cited by Reuters said a deal of this scale would probably need additional financing and could present integration challenges. Neither company has publicly confirmed the talks.
- Marvell Sinks 13%, Lumentum Jumps 6% on Reported Acquisition Talks; Coherent Holds Flat, Applied Optoelectronics Drops 3%
Marvell shares fell 13% to $220 in morning trading, while Lumentum rose 6% to $965 after Bloomberg reported that Marvell is in advanced talks to acquire it, with a deal possibly announced as soon as next week and no final agreement yet. Lumentum has a market value of $82.8 billion against Marvell's $220.7 billion, and the two stocks were already up 159% and 162% year to date. Coherent was up 0.2% at $240, while Applied Optoelectronics fell 3% to $80, with investors seen as weighing the price and dilution risk of a large acquisition. Marvell already carries $4.963 billion of long-term debt, and a stock-heavy deal could add to dilution concerns. The article notes the terms could still change, so the outcome of the talks remains uncertain.
- Lumentum stock jumps on report of possible merger with Marvell
Marvell (MRVL) stock fell 11% on Thursday after reports the AI chipmaker is in advanced talks to buy optical parts maker Lumentum (LITE), while Lumentum shares rose 5%. Bloomberg, citing people familiar with the matter, reported the potential multibillion-dollar deal could be announced as soon as next week. Lumentum has a market value of about $83 billion, versus roughly $221 billion for Marvell. The acquisition would give Marvell greater access to optical technologies and manufacturing capacity, which the article describes as critical bottlenecks in AI infrastructure. Marvell shares are up more than 190% year to date, and Lumentum shares have rallied 140%.
- Lumentum Jumps On Marvell Buyout Report
- Marvell Is in Talks to Buy an $83 Billion AI Laser Maker
According to Bloomberg News, Marvell (MRVL) is in advanced talks to acquire Lumentum (LITE), which Bloomberg valued at about $83 billion versus roughly $221 billion for Marvell, and an agreement could be announced soon. After hours, LITE rose 8.64% to $992.91 while MRVL fell 8.44% to $230.40, after both stocks had closed higher in regular trading. Neither company has confirmed the talks, and no signed agreement, price, premium, or cash-and-stock mix has been reported. Lumentum's fiscal fourth-quarter 2026 revenue rose 109.3% to $1.006 billion, while Marvell had about $3.92 billion in cash at the end of its latest quarter. The article argues Marvell would carry more risk given the undisclosed premium, financing needs and integration work, and notes that NVIDIA bought $2 billion of Lumentum Series A convertible preferred shares in March 2026.
Related markets
Latest news
- History Says Adobe Stock Comes Back From Deep Drops. It's Now 64% Below Its 2021 Record.
Adobe's stock closed at a record $688.37 on November 19, 2021, and now trades around $248, about 64% below that peak, after a June 25 closing low of $193.41. Since 1990 it has fallen at least 30% from a record close eight times and set a new record after each drop. The author argues the current slump differs from the 2002 and 2009 slumps, which came with shrinking revenue, since Adobe's revenue has not declined this time, and fiscal Q3 2026 revenue rose 13% to a record $6.76 billion. The main worry is that AI agents could reduce the number of per-user seats Adobe bills; its AI-first ARR passed $650 million, up more than 150%, but is still a small share of $27.5 billion in total ARR. At about 10 times management's targeted fiscal 2026 adjusted EPS, the stock compares with almost 19 times expected earnings for the S&P 500.
- Does The Move In CrowdStrike Stock Change Anything?
CrowdStrike shares returned 95.0% in the year to October 28, 2026, compared with 13.7% for the S&P 500. Most of the gain came from investors paying more for each dollar of sales, not from sales growth alone: the price-to-sales multiple rose from 28.2 at the end of September 2025 to 50.0 by the end of September 2026. Revenue for the twelve months to July 31, 2026 reached $5.40 billion, up 24.3%, and growth accelerated for four quarters running to 25.8% in fiscal Q2 2027. Twelve-month net income was $58.5 million, versus a $279 million loss a year earlier, but the reported operating margin remained at minus 2.2%, compared with 18.5% for the S&P 500. The article says the share price appears to assume a lasting operating profit and stresses that the reported operating margin is the figure to watch at the next report.
- Why Chipotle Stock Popped Today
Chipotle Mexican Grill (CMG) shares rose 8.88% after CEO Scott Boatwright said the plan to reinvigorate growth was working. Third-quarter revenue rose 9.6% year over year to $3.3 billion, with 84 company-owned openings and five international partner-operated locations bringing the total to more than 4,200 restaurants as of Sept. 30. Comparable restaurant sales grew 2.1%, and digital sales rose to 38.8% of food and beverage revenue from 36.7% a year earlier. Restaurant-level operating margin fell to 23.3% from 24.5% despite menu price increases to offset higher beef, freight and labor costs, while adjusted net income was $344.6 million, or $0.27 per share. For 2027, Chipotle plans 340 to 360 openings in the U.S. and Canada and 15 to 25 in other international markets.
- 'Workloads are moving': Amazon's Jassy says AWS still growing amid cloud move
During Amazon's third-quarter earnings call, CEO Andy Jassy said Amazon Web Services (AWS) is still growing as more companies move to the cloud. He noted that about 85% of global IT spending remains on-premises, and that over a 10 to 20 year cycle this balance will flip toward the cloud. Workloads long considered unlikely to move, such as mainframes and storage array networks, are now shifting, as AWS has built cloud substitutes and AI-driven migration tools. He said enterprises gain lower capital expenditure, reduced operating costs, faster innovation, better developer productivity and easier data access to leverage AI.
- Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
At least $5.57 billion has left Binance-linked wallets on Ethereum, Bitcoin and Tron on Thursday, according to an on-chain tally, and Binance says it is investigating and has not confirmed any impact on user funds. If confirmed as a hack, it would be the largest crypto theft on record. Tether froze 975.1 million USDT and Circle froze 823 million USDC in the main receiving wallet, about $1.8 billion in total. The funds came from hot wallets: $3.51 billion on Ethereum, $1.44 billion in 18,270 Bitcoin and $630 million on Tron. Bitcoin fell below $79,000, BNB dropped about 7% and Monero rose about 6%.
- News of the day: Anthropic's IPO windfall, Whitecap banks cash, Ottawa invests in Cohere, FINTRAC failing, Meta promises consultations and more
Among the seven co-founders of Anthropic PBC set to reap a multibillion-dollar windfall as the company goes public is Canadian Christopher Olah, who leads its interpretability research. Whitecap Resources Inc. is earning more than it plans to spend and, for now, is letting the surplus build rather than spending more on growth projects. The federal government says it will invest up to 1.6 billion dollars in Cohere Inc. as part of its planned 7-billion-dollar fundraising round, the largest private capital raise in Canada. Canada's auditor general says FINTRAC, the federal government's primary financial intelligence unit, is not effectively carrying out its duties to limit money laundering, which a 2020 Criminal Intelligence Service Canada estimate put at 45 to 113 billion dollars a year. Meta pledged to consult news industry groups before finalizing new terms of service that have angered publishers worried the company could use their content to train its AI models.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.