Marvell Technology announced it will acquire Lumentum Holdings in an all-stock deal valued at $115 billion, which it calls one of the largest tech industry deals ever. Lumentum makes lasers, circuit switches and other products for data centers, and Marvell said the combined company would become a “category leader in AI connectivity.” The deal requires stockholder approval and is expected to close in the first half of 2028. Earlier this year Nvidia said it was buying a $2 billion stake in Lumentum, according to Bloomberg; after the announcement, Marvell shares fell more than 1% and Lumentum nearly 3%.
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mergers and acquisitionsMarvellsemiconductorsNvidia
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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