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MarvellLumentumNvidiasemiconductors
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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.
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- 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.
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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.
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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
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